India, Jan. 27 -- In a landmark week for global trade, the air in New Delhi is thick with more than just winter mist. After nearly two decades of negotiations, India and the European Union have finally signed a Free Trade Agreement (FTA). Confirming the development, Commerce Secretary Rajesh Agrawal said on Monday that both sides had successfully wrapped up negotiations and would officially announce the agreement on Tuesday, January 27.

The 16th India-EU Summit began on a poignant note this morning, following the formal conclusion of talks yesterday, on Republic Day. To start off, European Council President Antonio Luis Santos da Costa and European Commission President Ursula von der Leyen visited Raj Ghat to pay floral tributes at the m...