India, EU reach ‘mother of all’ trade agreements after nearly 20 years of talks

After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the “mother of all deals,” could affect as many as 2 billion people.

The deal between two of the world’s biggest markets comes as Washington targets both India and the EU with steep import tariffs, disrupting established trade flows and pushing major economies to seek alternate partnerships.