With more market access to Europe, India has come out on top with the free trade agreement (FTA) between India and the European Union, said US Trade Representative Jamieson Greer. He said India and the EU have been trying to find other routes for their products after US President Donald Trump announced his tariffs.

“First of all, it’s strategically important to understand that because President Trump has prioritized domestic production and essentially started charging a tariff for other countries to access our market, those countries are trying to find other outlets for their overproduction, and so the EU is looking to India to try to find a place,” Greer told Fox Business.

“I’ve looked at some of the details of the deal so far. I think India comes out on top in that frankly. They have more market access in Europe,” he said, adding: “They seem to have some additional immigration rights. I don’t know for sure, but EU President von der Leyen has talked about the mobility of Indian workers in Europe.”

“So I think on the grid India is going to have a heyday with that. They have low-cost labor and it seems like the EU is doubling down on globalization when we’re trying to fix some of the problems of globalization here in the US,” Greer said.

The India-EU FTA was about two decades in the making. The FTA has been billed as the “mother of all deals”, under which 93% of Indian shipments would have duty-free access to the 27-nation bloc. Meanwhile, importing luxury cars and wines would become cheaper for Indians.

The agreement is momentous, as India and the EU together account for 25% of global GDP and a third of international trade.

“This is not just a trade deal. This is a new blueprint for shared prosperity,” Prime Minister Narendra Modi said after the pact was announced.