European Commission President Ursula Von Der Leyen has said that India and the European Union (EU) are on the cusp of signing a Free Trade Agreement (FTA), describing it as the mother of all agreements. In her address at the World Economic Forum (WEF), she said that after Davos, the next weekend, she will travel to India.
She, however, said there is still work to do. She added that it would create a market of two billion people, accounting for almost a quarter of global GDP. She said Europe wants to do business with the growth centres of today and the economic powerhouses of the century, from Latin America to the Indo-Pacific and far beyond. European Council President Antonio Costa and von der Leyen will be on a state visit to India from January 25 to 27. They will be chief guests at the Republic Day celebrations before jointly co-chairing the India-EU Summit.
