India and the EU have signed «the greatest trade deal of all time.» At least, that’s what Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen called it. The agreement will also impact Russia, according to economists interviewed by Kommersant FM. The leaders of India and the EU announced the agreement today, after negotiations on the document lasted over 20 years. According to the agreement, India will eliminate tariffs on almost 97% of European exports, including chocolate, pasta, and olive oil. Tariffs on wine, automobiles, and precious metals will also be gradually reduced. Brussels estimates that this will save up to $4.75 billion annually.