India, EU clinch 'mother of all deals'
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After nearly 20 years of negotiations, the two sides struck a far-reaching agreement that officials called “the mother of all trade deals.”
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This deal will accelerate other deals that are being negotiated and also help in pushing for reviewing earlier unsatisfactory deals with Japan and Asean,” said Sibal.
Government officials said that the exports from the labour-intensive products were $35 billion in 2024 and that the duty on $33.5 billion worth of products will go down to 0 when the trade deal enters into force.
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Deal will reduce or phase out levies on cars, alcohol and machinery while protecting some agricultural products