New Delhi. The Free Trade Agreement signed today between India and the European Union is very important from India’s point of view. Prime Minister Narendra Modi himself gave information about the benefits of this agreement, which is being called Mother of All Deals. The PM said that this will make it easier for our farmers and small scale industries to access European markets. New opportunities will be created in the manufacturing sector and cooperation between service sectors will be further strengthened. This is a milestone in our relations, which will strengthen our economic ties, create employment opportunities for our youth, benefit our businesses and promote shared prosperity, Modi said. This is a new blueprint for shared prosperity.

Addressing the India-European Union Business Forum at Bharat Mandapam in Delhi, the Prime Minister said that India has signed the largest free trade agreement in its history. Today is the 27th, it is a happy coincidence that on this very day India is making this FTA with 27 countries of the European Union. This is a historic agreement. Modi said that today will always be remembered, it will leave an indelible mark in our shared history. European Council President Antonio Costa and European Commission President Ursula von der Leyen and I are extremely pleased to announce the conclusion of the historic India-EU Free Trade Agreement.

The Prime Minister said that today there is a lot of turmoil in global business. Every company is looking at its market strategy and partnerships afresh. At such a time, this FTA is a clear and positive message to the business world. This is a clear invitation to the business communities on both sides to build efficient, reliable and future-oriented partnerships. I am confident that all of you will take full advantage of the opportunities provided by this FTA.

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