New Delhi, Jan. 27 -- India and the European union are set to announce the conclusion of negotiations on a long-pending free trade agreement (FTA) as top leaders from both sides co-chair an India-EU summit here on Tuesday.
The summit is being jointly chaired by Prime Minister Narendra Modi and the President of the European Council Antonio Costa along with European Commission President Ursula von der Leyen.
Officials, who have dubbed the deal as "mother of all deals", said the agreement will pave the way for freer trade in goods between India and the 27-nation European bloc, with both sides committing to substantially reduce tariffs and other levies on each other's exports.
Among other things European automakers will be able to sell their...