India-eu Fta

Estonia to be India's gateway to northern Europe after EU FTA: Indian envoy

Estonia can be the gateway to northern European markets for India once the FTA with the European Union comes into effect, Indian Ambassador Ashish Sinha has said, asserting that the bilateral relationship is on an upswing. In an interview with PTI, Sinha said there is a robust base of existing trade to be used as a "springboard" for further engagement between India and Estonia when the India-EU free trade agreement comes into force. The Indian Ambassador to Estonia asserted that the overall bilateral relationship is going from strength to strength and getting stronger. "Going forward, with the India-EU FTA, there will be far more engagement of the small and medium-sized industries, and the dairy and agriculture products from Estonia will find their market in India. For India, we will have Estonia as a gateway to northern Europe," Sinha told PTI. Noting that Estonia also offers e-residency, Sinha said many of the Indian businessmen and high-value industrialists have taken Estonia's

'Beginning of a new journey': Swedish PM Kristersson on India-EU FTA

Kristersson also underlined the expected economic benefits of a free trade agreement, particularly for employment generation in Sweden

India-EU ties can bring stability in unstable world: EU Commission Prez

Von der Leyen also underlined the importance of the EU-India Trade and Technology Council, saying it is paving the way for stronger collaboration in areas such as AI governance, semiconductors, etc

India-EU FTA likely to come into force in 2027, says EU ambassador

India-EU FTA may take effect in 2027 as both sides complete legal scrutiny, with focus shifting to implementation, trade barriers and investment rules

Govt mulls real-time Euro FX settlements at GIFT City to boost EU trade

The International Financial Services Centres Authority (IFSCA), which regulates the hub, has approached the government to permit the use of the euro alongside the US dollar for settlements

No gain from India-EU FTA as plug-in hybrids not included: Lamborghini CEO

Italian supersports carmaker Automobili Lamborghini will not get any benefit from the India-EU free trade pact as plug-in hybrids are not included but there is hope that it could be covered under the deal in future, according to its Chairman and CEO Stephan Winkelmann. Automobili Lamborghini, which sells super luxury models -- Urus SE, Temerario and Revuelto -- in India with prices ranging from Rs 4.47 crore to Rs 8.70 crore (ex showroom), expects a stable growth in Indian market having crossed the 100 units a year milestone, Winkelmann said in an interaction. "There is bad and good news. So the fact that there is this signing between India and the EU to reduce the tariffs is a good sign. But unfortunately this is not affecting our type of cars because it is for internal combustion engine cars and not for plug-in hybrids. We have all plug-in hybrids," he said. Winkelmann was responding to a query on the company's prospects in India following the signing of India-EU FTA. "So we are

Audi to rethink product lineup after clarity on FTA duties: India head

Audi India may revise its product strategy once clarity emerges on import duty cuts under the India-EU FTA, potentially expanding its model range across segments

EU, India focus on implementing FTA, defence deal: von der Leyen

European Commission President Ursula von der Leyen on Monday said the EU and India are now focused on efficiently implementing their recently concluded free trade deal and security partnership. Her remarks came after a meeting with External Affairs Minister S Jaishankar, who is on a two-day visit to Brussels for talks with his counterparts from the 27-member European Union (EU). "At the EU-India Summit in January, we concluded our Free Trade Agreement the mother of all deals and signed a Security and Defence Partnership," von der Leyen said in a social media post after her "good meeting" with Jaishankar. "Now we are focused on efficient implementation, to deliver for the people of Europe and India as soon as possible," she said. The two leaders also discussed developments in West Asia and Ukraine. "De-escalation, stability and energy security are our shared objectives," the EU leader said. India and the EU sealed the Free Trade Agreement (FTA) -- billed as the "mother of all de

RBI-Esma pact likely to need reboot if India's concerns not resolved

EU regulator's demand to audit Indian central counterparties' books seen as extraterritorial

Greaves Cotton expects EU FTA to boost exports to 20% of revenue: CEO

Greaves Cotton MD Parag Satpute says policy predictability and removal of non-tariff barriers under India-EU FTA will deepen overseas business over next 4-5 years

EU-India FTA opens doors to trade, AI, says Austria's State Secretary

The landmark EU-India Free Trade Agreement (FTA) is a transformative win-win pact that offers immense opportunities in trade, artificial intelligence (AI) and resilient supply chains, Austria's State Secretary in the Federal Chancellery Alexander Proll has said. In an interview with PTI Videos, Proll has described the EU-India FTA as the "mother of all deals" that stands to benefit nearly 200 crore people and create one of the world's largest free trade zones. "Prime Minister (Narendra) Modi visited Austria in 2024 because of 75 years of the diplomatic relationship and now, we have the free-trade agreement. It is the mother of all deals. I think it is a win-win situation for the whole European Union and India," Proll said. The FTA, finalised after years of negotiations re-launched in 2022, eliminates or reduces tariffs on 96.6 per cent of EU exports to India by value and 99.5 per cent of Indian exports to the EU by trade value. Proll highlighted AI as a key future area of ...

Europe backs India's AI push and supports early ratification of trade deal

European leaders back early India-EU trade deal ratification at the AI Impact Summit, deepening cooperation on AI, semiconductors, digital governance and strategic growth

India-France defence cooperation reflects strategic autonomy push

France has emerged as India's most consequential European partner, with defence manufacturing, Rafale jets and technology transfer anchoring a deepened strategic alignment

How India can reframe global economic cooperation in a multipolar world

India seeks to convene, align and anchor a shifting global order by building platforms where governments, capital and enterprise forge the partnerships shaping future prosperity

Trade agreements open doors, but India still isn't investment-ready

Creating the groundwork for shovel-ready investment would require hard work to reverse all of India's deep-seated problems

Best of BS Opinion: Trade deals a positive, but more reforms required

Today's Best of BS Opinion explores India's trade deals, RBI's stance amid base-year revisions, co-operatives' regulatory dilemma, equity market challenges, and Russia's wilderness in history

Recent trade deals are a relief, but high valuations remain a headwind

Trade deals ease risks for Indian equities, but weak demand and stretched valuations raise questions over whether optimism-especially in smallcaps-can turn into a sustained bull run

On the anvil: Virtual trade corridors to ease digital bottlenecks

India is pushing virtual trade corridors and paperless logistics with key partners as digital trade becomes central to FTA talks with the EU and the US

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-EU free trade deal a game changer for partnership, says Jaishankar

The remarks come a week after the landmark Free Trade Agreement (FTA) between India and the European Union was finalised and signed, as negotiations concluded on January 27