India, Jan. 27 -- India and the European Union have agreed on a free trade agreement, capping nearly two decades of negotiations at a time of strained ties with the US.

"Europe and India are making history today. We have concluded the mother of all deals," European Commission President Ursula von der Leyen wrote on X, formerly Twitter, on Tuesday. "We have created a free trade zone of two billion people, with both sides set to benefit. This is only the beginning. We will grow our strategic relationship to be even stronger."

The India-EU trade deal will reduce or eliminate tariff on 96.6% of EU goods, saving up to €4 billion in import duty - so much so that the FTA is expected to double EU exports to India by 2032. Here's a look at...