Last Updated:January 27, 2026, 08:30 IST India and the European Union have concluded long-running talks on a landmark free trade agreement that will cut tariffs, boost market access and deepen economic ties. President Murmu, Vice President Radhakrishnan, PM Modi, President of the European Commission Ursula von der Leyen and President of the European Council Antonio Costa (Photo: PTI) After nearly two decades of stop-start negotiations, India and the European Union have finally concluded talks on an ambitious free trade agreement (FTA), widely billed as the “mother of all deals.” The pact, expected to be formally announced during the India-EU summit in New Delhi, could reshape economic ties between two of the world’s largest markets. Here are 10 major takeaways from the negotiations and what they mean for both sides. YEARS IN MAKING Talks on the India-EU FTA first began in 2007 but were suspended in 2013 over disagreements on tariffs, market access and regulatory standards. Negotiations were revived in 2022 and accelerated last year as global trade tensions intensified and both sides sought to diversify …