The European Union and India have reached a free trade agreement to deepen economic and strategic ties after nearly two decades of negotiations

The claim spread online as the European Union and India reached “the mother of all deals” after nearly two decades of negotiations.

By Kate Abnett and Susanna Twidale BRUSSELS, Jan 30 (Reuters) - European Union countries will demand that Britain contributes financially to poorer EU member states' development as part of any deal to re-link the two sides' energy markets,

Brussels has accelerated its outreach to markets around the world. Over the past year, von der Leyen has signed deals with Japan, Indonesia, Mexico and South America under the catchphrase “strategic autonomy,” which in practice is akin to decoupling from a U.S. seen by most European leaders as erratic.

The European Union has signed what India's prime minister has called "the mother of all deals" to boost trade with India. For Europe, the move seeks to hedge against its unpredictable ties to the U.S.

If approved, the measure would prevent European companies from providing key services for transporting Russian oil.

Described as the “mother of all deals,” this is the largest trade agreement that the EU and India have ever concluded.

India and the European Union have reached a free trade agreement, at a time when Washington targets them both with steep import tariffs, pushing major economies to seek alternate partnerships.

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