India looks to finalise 'mother of all deals' with EU
The Peninsula
New Delhi: A trade deal between India and the European Union will be the mother of all deals , Delhi s Commerce Minister Piyush Goyal said on Friday,...
New Delhi: A trade deal between India and the European Union will be the "mother of all deals", Delhi's Commerce Minister Piyush Goyal said on Friday, as both sides seek to overcome the final sticking points.
The deal comes after relations between New Delhi and Washington have soured following US President Donald Trump's punishing tariffs aimed at stopping India's purchases of Russian oil- which it says finances Moscow's invasion of Ukraine.
The EU and India's trade chiefs said last week they were getting closer to reaching a deal after days of talks in Brussels.
"This (India-EU trade pact) will be the mother of all deals," Commerce Minister Piyush Goyal said, according to the Press Trust of India news agency.
The 27-member bloc is pushing for a trade deal that will strengthen intellectual property rules and lower entry barriers for exports, including cars, spirits and wines.
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