New Delhi, Jan. 27 -- Confederation of All India Traders (CAIT) on Tuesday said the India-European union Trade Agreement is a "historic and strategic milestone" that will strengthen India's global economic position and help traders, MSMEs and manufacturing sectors.

The BJP MP from Chandni Chowk and Secretary General of the Confederation of All India Traders (CAIT) Praveen Khandelwal stated that the agreement reflects making India a trusted and competitive global economic power.

He added that the deal will improve market access for Indian goods and services in the European Union, one of the world's largest economic blocs, and help India integrate further into global value chains.

"The agreement highlights India's growing economic strength...