Piyush Goyal: India-EU FTA 'Mother of All Deals' to Double Exports, Benefit All 28 Nations
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Moneycontrol•31-01-2026, 20:39
Piyush Goyal: India-EU FTA 'Mother of All Deals' to Double Exports, Benefit All 28 Nations
- •Commerce and Industry Minister Piyush Goyal announced the India-European Union Free Trade Agreement (FTA) as the 'mother of all deals'.
- •The FTA is expected to double India's exports to Europe within five years, with 99% of Indian exports gaining duty-free access from day one.
- •Goyal emphasized that the agreement will be 'compassionate and loving', ensuring all 28 nations (India and 27 EU members) benefit.
- •India currently holds a trade surplus in both goods and services exports to the EU.
- •The minister urged domestic businesses to seize this opportunity, increase investments, and expand capacities.
Why It Matters: India-EU FTA, dubbed 'mother of all deals', aims to double India's exports and ensure equitable benefits.
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