Commerce and Industry Minister Piyush Goyal on Friday said the free trade agreement between India and the 27-nation bloc EU, the negotiations for which are at the last leg, will be the “mother of all deals”.

The conclusion of talks for the agreement is likely to be announced on January 27.

The President of the European Council, Antonio Luis Santos da Costa, and the President of the European Commission, Ursula von der Leyen, will be on a state visit to India from January 25-27. They are chief guests at the 77th Republic Day celebrations.

“This (India-EU trade pact) will be the mother of all deals,” Goyal told reporters here, adding that the proposed agreement will be good and mutually beneficial for both sides.

It will also be a “super deal” for Indian export sectors, he added.