India, Jan. 27 -- After nearly two decades of negotiations, the European Union and India have successfully concluded a landmark Free Trade Agreement.

The FTA was finalized at the 16th EU-India Summit in New Delhi, opening a new chapter in the EU-India Strategic Partnership.

Described by both European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi as "the mother of all deals", the agreement will pave the way for India to open up its vast and guarded market to free trade with the EU and expand market access for Indian exports to Europe.

This is the most ambitious trade opening that India has ever granted to a trade partner. It will give a significant competitive advantage for key EU industrial and agri-...