Free Trade Agreement

FTA to give access to European market for Indian auto component firms: Icra

The India-EU deal is expected to reshape competitive dynamics and market access on both sides while providing better access to European markets for Indian auto and component exports, aiding the sector's long-term growth prospects, according to a report by Icra. It is expected to give a boost to premium vehicle imports, but have limited disruption to the mass market, it added. The sharp reduction in duties on EU-made vehicles (completely built units) is expected to drop from as high as 110 per cent to 10 per cent over time for a fixed quota/annum, above an import price of Euro 15,000/vehicle, the report said, adding that this will open India's car market to European original equipment manufacturers (OEMs). "Lower tariffs are expected to improve access for European brands like BMW, Mercedes, Audi, and Porsche, enabling competitive pricing and new growth opportunities in India's fast-expanding auto market," the report pointed out. It, however, said there will be a limited impact on th

India, Gulf Cooperation Council sign terms of reference to begin FTA talks

India and the six-nation bloc of Middle Eastern nations, the Gulf Cooperation Council (GCC), on Thursday inked terms of reference on Thursday for starting talks for a Free Trade Agreement (FTA). The terms of reference (ToR) outline the scope and modalities of a proposed trade pact. Commerce and Industry Minister Piyush Goyal presided over the signing ceremony of the ToRs with GCC. GCC is a union of six countries in the Gulf region -- Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain. Goyal said that the agreement will help boost bilateral trade and investments between the two. He added that about 10 million Indians are living and working in the GCC region. India has already implemented a free trade pact with the UAE in May 2022. India and Oman also signed a Comprehensive Economic Partnership Agreement (CEPA) in Muscat on December 18, 2025. Launch of FTA talks with the GCC would be a kind of resumption of the negotiations, as the earlier two rounds of negotiations were held

India, GCC to sign terms of reference on Feb 5 to launch FTA talks

India and the six-nation bloc of Middle Eastern nations, the Gulf Cooperation Council (GCC), will ink terms of reference on Thursday for starting talks for a free trade agreement (FTA), an official said. The terms of reference (ToR) outline the scope and modalities of a proposed trade pact. Commerce and Industry Minister Piyush Goyal will preside over the signing ceremony of the ToRs with GCC. GCC is a union of six countries in the Gulf region -- Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain. India has already implemented a free trade pact with the UAE in May 2022. India and Oman also signed a Comprehensive Economic Partnership Agreement (CEPA) in Muscat on December 18, 2025. Launch of FTA talks with the GCC would be a kind of resumption of the negotiations, as the earlier two rounds of negotiations were held in 2006 and 2008 between the two regions. The third round did not happen as GCC deferred its negotiations with all countries and economic groups. India imports ...

Finalised eight FTAs with 37 developed countries in recent years: Goyal

India has finalised eight free trade agreements (FTAs), covering 37 developed countries in the last few years, Commerce and Industry Minister Piyush Goyal has said. He also said that India is in active dialogue for similar pacts with several countries, including Chile, Peru and Canada. Trade negotiations with Chile, he said, are almost at conclusion, where India has interests in critical minerals. "We've done eight free trade agreements covering 37 developed countries in the last few years under the Modi-government," the minister told PTI. Since 2014, India has finalised eight trade pacts -- Mauritius (April 2021 implemented), Australia (December 2022 implemented), UAE (May 2022 implemented), Oman (signed in December 2025), UK (signed in July 2025), EFTA (implemented in October 2025 - Switzerland, Iceland, Liechtenstein, Norway), New Zealand (talks concluded in December 2025), and the European Union (27-nation bloc). Goyal added that talks for a trade pact have started with the ..

India-EU FTA: A transformational opportunity for India's textiles

The India-EU FTA grants zero-duty access across the full spectrum of textile and apparel tariff lines, thereby positioning Indian exporters on an equal footing with competitors

With FTA, India's exports to EU can double in 5 years, says Goyal

India's exports to the EU could double to $150 billion within five years of the FTA, says Piyush Goyal, stressing balanced market access while protecting sensitive sectors

India-EU trade deal strengthens PM Modi's 'Make in India' ambitions

The EU deal could also revive appetite from foreign businesses looking to diversify their operations out of China, seeing India as a possible alternative to set up factories for export into Europe

India-EU FTA to help diversify trade, give more mkt to exporters: Moody's

The trade agreement with the European Union (EU) will help India diversify its trade relationships and provide greater market access to its exporters amid growing uncertainty due to high US tariffs, Moody's Ratings has said. The free trade agreement (FTA) between India and the EU was announced on January 27. It is likely to be signed and implemented this year only. "For India, the deal reflects its continued efforts to selectively diversify trade relationships while hedging against trade volatility arising from recent US tariff actions," Moody's said. It said that for the EU, the deal strengthens economic security by widening access to a fast-growing India while reducing vulnerability to disruptions in more concentrated trade relationships. "Although we expect limited near-term credit effects for India, the EU and individual member states, once ratified and implemented the FTA will be credit positive for both sides in raising trade volumes, enhancing the diversification of trade ..

India-EU trade pact: India offers 30% duty reduction on imported wine

Sula Vineyards sees limited impact only on premium range, lauds trade pact

India-EU free trade pact set to redraw growth map for Indian CDMOs

India-EU FTA could transform India's CDMO sector by cutting pharma tariffs, easing regulations and deepening Indian integration into Europe's drug supply chains

Now, for an investment protection guarantee to signal India is serious

It will signal to the world that India is serious about being open for business

Creating employment: India-EU FTA can increase labour-intensive exports

The India-EU FTA offers major export and job gains for labour-intensive MSME sectors, but success will hinge on meeting EU standards and easing logistics bottlenecks

Taking the FTA agenda forward in 2026: A strategic roadmap for India

Moving ahead with participation in next-generation FTAs, supplemented by substantive domestic trade policy reforms, must be India's focus

The 'Mother of all deals' signed: A new dawn for the India-EU partnership

This agreement signifies the commitment of the two largest democracies as champions of open trade amid a rising tide of global protectionism

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 FTA: India's gems & jewellery sector on par with China, Thailand

India-EU FTA brings zero-duty access for gems and jewellery, putting Indian exporters on par with China and Thailand and opening Europe's vast market

India-EU FTA: No concessions for New Delhi over CBAM regulations

CBAM relaxations offered by EU to other partners will apply to India: commerce secretary

A big deal: The India-EU partnership will open up new opportunities

India and EU seal historic free trade deal, opening vast markets and cooperation avenues while urging India to boost competitiveness and reforms

Two decades in the making, India and EU reach deal opening up markets

Deal provides phased tariff liberalisation on over 97% of goods, safeguards sensitive sectors and boosts labour-intensive exports

India to get access to EU market for over 99% of exports under FTA: Goyal

India will get an "unprecedented" market access at concessional duties for over 99 per cent of its exports by value in the European Union (EU) market, providing a boost to domestic labour-intensive sectors, Commerce and Industry Minister Piyush Goyal said on Tuesday. The two sides announced on January 27 the conclusion of negotiations for the free trade agreement (FTA). "India and the EU, under the leadership of PM @NarendraModi ji, European Commission President @VonderLeyen and European Council President @AntonioCostapm have inked the 'Mother of all Trade Deals'," he said in a social media post. Goyal said that the pact is a strategic breakthrough in the country's global trade engagement, unlocking vast opportunities in the USD 20 trillion EU market for 1.4 billion people. "It is a deal that gives unprecedented market access for over 99 per cent of our exports by value, providing a massive impetus to our labour-intensive sectors and bolstering Make In India," the minister said. T