New Delhi, May 7 -- The India-European Union Free Trade Agreement (FTA) will cover nearly one-third of global trade and touch around 2 billion people, making it one of the world's biggest trade deals, Additional Secretary in the Department of Commerce Darpan Jain said while addressing a Federation of European Business in India (FEBI) event on "Decoding EU-India FTA."

Calling it the "mother of all deals," Jain said the agreement covers "almost one fourth of global GDP" and "around 11 trillion" dollars in global trade.

"So on all these parameters, size of trade, size of economy, number of people it touches, it is, I think, one of the biggest deals," Jain said at the event.

He said the agreement is comprehensive and goes beyond tariff cut...