28
Feb
New Delhi (Rajeev Sharma/Gurpreet Singh)— In a historic leap for global commerce, India and the European Union (EU) on Friday, February 27, 2026, released the final draft text of their long-awaited Free Trade Agreement (FTA). The proposed pact, hailed by trade experts as the "Mother of All Deals," includes a landmark provision granting both parties "Most Favoured Nation" (MFN) status for a five-year period from the date the agreement officially comes into effect. This strategic alignment ensures that India and the 27-nation bloc will provide each other with the same preferential trade benefits—including reduced tariffs and advantageous regulatory treatment—that they…