On this Special Report, India Today reporter Aishwarya Paliwal provides live updates from Hyderabad House on the landmark India-European Union (EU) summit. Prime Minister Narendra Modi met with European Commission President Ursula von der Leyen and European Council President Antonio Costa to announce the successful conclusion of a Free Trade Agreement (FTA), described by Paliwal as the ‘mother of all deals’. The agreement, which has been in negotiation since 2007, aims to elevate the strategic alliance and security partnership between the two powers. Paliwal highlights that the deal addresses sectors like textiles, gems, jewelry, and leather, while resolving long-standing discussions on dairy and agriculture. The full implementation of the pact is expected by early 2027. The broadcast emphasizes that this deal, representing 25% of global GDP, serves as a strategic move to open new markets and establish powerful trading blocs amidst shifting global trade dynamics and rising US tariffs.
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