Page 3 - European Union

India-EU FTA signal to US, but gains hinge on efficiency: Abhijit Banerjee

Nobel laureate economist Abhijit Banerjee said the India-EU free trade agreement was "a strategic alignment", sending a signal to Washington, amid the high tariffs imposed by the Donald Trump administration, that "we don't need the US as much as America thinks we do". He, however, cautioned that the much-touted pact, described as the "mother of all deals", would not automatically translate into broad-based gains unless India dramatically improves efficiency and logistics. In an interview with PTI, Banerjee said India was yet to fully understand the nature of American resistance under President Donald Trump's leadership, noting that the US had shown "limited interest" in bargaining with India despite repeated US claims of imminent agreements during the period of heightened trade tensions. "It is certainly a strategic alignment. It sends a signal to the US- from Europe and from India - that we don't need the US as much as the US thinks we do. That can be useful if the idea is to bring

US Treasury secy slams India-EU FTA , says Europe chose trade over Ukraine

US Treasury Secy Scott Bessent criticised EU's trade deal with India, saying Brussels prioritised commercial interests over support for Ukraine and indirectly financing Russia through oil purchases

Datanomics: India-EU free trade agreement may offset US tariff impact

India's FTA with the EU boosts market access for 99% of exports, aiding labour-intensive sectors while cheaper EU machinery imports could support domestic manufacturing

India-EU FTA armed with rapid response shield against regulatory barriers

India and the EU will set up rapid response and escalation mechanisms under the FTA to address regulatory measures like CBAM that could disrupt bilateral trade

India-EU trade deal: Only native EU carmakers may get import tariff relief

Move to block non-Europe firms from using lower duty to dump cars in India

India gets a foot in Europe's footwear supply-chain door after trade pact

Proposed EU trade pact could shift sourcing from Southeast Asia to Indian export clusters

EU's Antonio Costa meets Vietnam leaders to unveil strategic partnership

Vietnam has signed 17 trade pacts as it seeks double-digit expansion of its trade-reliant economy

India-EU FTA: Brokerages decode impact for markets, sectors, companies

In fiscal 2024-25 (FY25), India, according to HSBC, exported $76 billion worth of goods to the EU and bought $61 billion worth of goods from the EU

India-EU trade deal likely to help GLP-1 therapies become cheaper

India-EU FTA to lower tariffs on pharma, potentially making GLP-1 therapies like semaglutide cheaper and boosting adoption among diabetics in India

First day of Budget session: Prez hails conclusion of India-EU FTA talks

In her address to a joint sitting of Parliament, President Droupadi Murmu highlighted the India-EU free trade agreement, defence exports, welfare delivery and manufacturing growth

India allows European Union banks to open 15 branches in four years

India will allow EU banks to open up to 15 branches over four years under the trade pact, while Indian banks will face no such cap in the EU

EU's Legal Gateway in India: Faster, easier routes for students, workers

The EU office will act as a single access point for Indians exploring authorised study and work routes across EU member states

India-EU FTA credit positive for India; to boost manufacturing: Moody's

The India-EU free trade pact will be credit positive for India as lower tariffs and better market access will help attract foreign investment, boost manufacturing and boost export competitiveness of the labour intensive sector, Moody's Ratings has said. India and the European Union on Wednesday had announced the conclusion of negotiations for the Free Trade Agreement (FTA), described as 'mother of all deals', under which 93 per cent of Indian shipments will enjoy duty-free access to the 27-nation bloc, while import of luxury cars and wines from the EU will become less expensive. The deal, concluded after negotiations spanning about two decades, will create a market of about 2 billion people across the world's fourth-largest economy, India, and the second-largest economic bloc, the EU. In a commentary, Moody's Ratings said India's conclusion of its trade negotiations with the EU reflects its continued efforts to selectively diversify trade relationships. "When in effect, the FTA wil

India-EU FTA to create employment opportunities for youth: Prez Murmu

President Droupadi Murmu on Wednesday hailed the signing of a free trade agreement with the European Union, saying it will give impetus to the manufacturing and service sectors and create new employment opportunities for the youth of the country. Murmu also said that over the past 11 years, the economic foundation of the country has grown significantly stronger and despite various global crises, India has remained the fastest growing major economy in the world. "I congratulate all citizens on the conclusion of negotiations for a free trade agreement with the European Union. It will give impetus to the manufacturing and service sectors in India and also create new employment opportunities for the youth of India," she said while addressing the joint sitting of Parliament, marking the beginning of the Budget session. The President said India has further improved its record in keeping inflation under control and it is directly benefiting the poor and middle class. "As a result of the

India, EU sign first comprehensive defence and security agreement

Europe's growing focus on defence preparedness has already benefited Indian defence firms, particularly manufacturers of munition

India, EU seek to reduce strategic dependencies amid uncertainty

13 agreements signed at the India-EU summit underline a joint push to reduce strategic dependencies, deepen trade and defence cooperation, and strengthen supply chains amid a fragmenting global order

India hopes to conclude social security pacts with all EU members in 5 yrs

Social Security Agreement ensures continuity of social security benefits on a reciprocal basis and thus avoids potential dual contributions for Indian workers and employers in the future

India-EU FTA: One-stop hub to aid movement of skilled professionals to EU

Supports IT services industry and students

India-EU free trade pact: iPhone shift hits India's EU electronics exports

But $50 billion export aim holds as EU smartphone shipments drop after Apple's US pivot

India-EU free trade agreement to improve access to premium alcobev brands

While detailed provisions of the agreement are awaited, the initially released agreement indicates that import tariffs will be reduced to 75% from current 150% across all EU spirits, wines categories