We did it, EU chief tells PM Modi as 'mother of all trade deals' announced
India Today
Describing India and the European Union as "two giants who chose a win-win partnership," Ursula said the deal is expected to cut around 4 billion euros in tariffs, providing a major boost to businesses on both sides and strengthening supply chains.
European Union chief Ursula von der Leyn on Tuesday hailed the historic trade pact with India, calling it the “mother of all deals". The EU chief, who was in India as chief guest for 77th Republic Day, said the pact marked a new chapter in the partnership between the two sides.
"We did it... we delivered the ‘mother of all deals'," she said while delivering a joint statement along with Prime Minister Narendra Modi and European Council President Costa.
Describing India and the European Union as “two giants who chose a win-win partnership," Ursula said the deal is expected to cut around 4 billion euros in tariffs, providing a major boost to businesses on both sides and strengthening supply chains.
The agreement would significantly deepen economic ties and reduce trade barriers, she added.
She also thanked India for the reception during her visit and said the experience of being the chief guest at the Republic Day celebrations was deeply moving.
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