New Delhi, Jan. 27 -- India and the European union (EU) on Tuesday signed the crucial Free Trade Agreement (FTA) after two decades of deliberations, covering a market of approximately 2 billion people and roughly 25 per cent of the global GDP.
Prime Minister Narendra Modi described as a coincidence the historic Agreement ''with 27 countries of the EU on 27th January,'' European Commission President Ursula von der Leyen said, "We did it, we delivered the mother of all trade agreements." Antonio Costa, President, European Council, said India and the EU must work together toward shared prosperity and security.
The formal ratification of the FTA will take another six months. Prime Minister Modi and EC President Ursula von der Leyen announced ...