Wide-ranging deal will cut tariffs to zero over seven years as Modi hails ‘largest free trade agreement’ in India’s history
Chair of the European Parliament’s international trade committee, Bernd Lange, said “the conclusion of negotiations with India offers a glimmer of hope amid a chaotic geopolitical situation.”
“The EU is not alone in its insistence on a rules-based order. This is only the beginning of close cooperation with India. We can build on this foundation in the future,” he said.
Germany has rushed to welcome the deal, saying it could support growth at a time of increasingly challenging ties with other major economies, AFP reported.
“This agreement creates new opportunities for growth and good jobs – in Europe and India alike – while deepening the strategic partnership with the world’s largest democracy,” said Lars Klingbeil, Germany’s finance minister.
