New Delhi, Jan. 27 -- India and the European Union (EU) finalised the free trade agreement (FTA) on Tuesday, 27 January. The proposed FTA, also referred to as "mother of all deals", is the largest trade pact ever concluded by both sides.

According to the EU's official statement, the deal is expected to strengthen economic and political ties between the world's second and fourth-largest economies amid rising geopolitical tensions and global economic challenges.

The deal also comes at a time when US President Donald Trump imposed tariffs on trading partners. The Trump administration levied 50% tariffs on India last year amid a trade deal between the two countries. Meanwhile, Trump threatened to escalate his trade war with European allies ...