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Story summary
- The European Union and India finalized a free trade agreement, described as the 'mother of all deals,' eliminating tariffs on 96.6% of EU goods.
- Announced in New Delhi, the pact would save the EU about €4 billion annually in customs duties and grant Indian exporters preferential access.
- The agreement lacks comprehensive labor rights and environmental provisions and requires approval from the European Parliament and India’s cabinet before implementation.
