India and the EU will implement a free trade agreement that cuts tariffs on key goods and grants duty-free access to most Indian exports. The deal will also link a market of two billion people. India and the European Union will extend Most Favoured Nation status to each other for five years once their Free Trade Agreement (FTA) takes effect, according to a draft of the deal released on Friday. The development came almost a month after Europ... [2015 chars]