Page 2 - India-eu Fta Pact

UN chief cites India-EU FTA, stresses need to support 'multipolarity'

UN chief Antonio Guterres cited the FTA between India and the EU as he underlined the need to support "multi-polarity", emphasising that global problems will not be solved by "one power calling the shots", in a veiled reference to the US and China. "In the present moment, it is clear that the most powerful country in the world is the US. Obviously, we see - and many see in relation to the future - the idea that there are two poles, one centred in the US and one centred in China," Guterres said Thursday at a press conference here outlining his priorities for 2026. He added that "if we want a stable world, if we want a world in which peace can be sustained, in which development can be generalised, and in which, in the end, our values will prevail, we need to support multi-polarity. "We need to support a dense set of relations among different countries. And I see with a lot of positive expectations, recent trade agreements: You had the EU with Mercosur. You had EU with Indonesia. EU wi

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 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

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

Analysts bet on KPR Mills, S.P Apparels as India-EU FTA opens export runway

Textile stocks to buy: Analysts say the India-EU FTA could boost Indian textile exports by cutting EU tariffs to zero. Here are key beneficiaries

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

Energy sector has $500 billion investment potential: PM Narendra Modi

Prime minister says pact covers a quarter of global GDP as India builds export-oriented energy ecosystem

India-EU FTA to boost marine exports with tariff cuts of up to 26%

Concerns over non-tariff barriers for farm and animal products remain

India-EU FTA to boost Indian pharma exports, improve EU market access

Lower tariffs under the India-EU free trade agreement will significantly strengthen the position of Indian formulations, APIs, and value-added medicines in the European Union, Pharmexcil Chairman Namit Joshi said on Tuesday. For the domestic pharmaceutical sector, the agreement delivers structural competitiveness, he stated. "Near-zero tariff access significantly strengthens the position of Indian formulations, APIs, and value-added medicines in the EU, a development that is particularly consequential for India's pharma MSMEs, many of whom possess strong quality capabilities, but face cost and access barriers in highly regulated markets," Joshi said in a statement. Reduced tariffs and smoother market entry will directly enhance their ability to scale exports, invest in compliance, and integrate into European supply chains, he added. "Crucially, this agreement enables stable, long-term, and predictable pharmaceutical trade, benefiting European healthcare systems and consumers throug

India-EU FTA a game-changer for trade, investment in EU market: Industry

The "game-changer" free trade agreement (FTA) between India and the European Union (EU) is set to unlock significant trade and investment opportunities for the country in the high-potential market of the 27-nation bloc, which remained untapped and boost India's export competitiveness, industry bodies said on Tuesday. The European Union and India on Tuesday announced the conclusion of negotiations for the free trade agreement (FTA) here. CII Director General Chandrajit Banerjee said the landmark agreement represents a strategic breakthrough in India's global trade engagement and significantly deepens the partnership between two major democracies and economies that together account for nearly 25 per cent of global GDP. "The unprecedented preferential access secured for over 99 per cent of Indian exports is a game-changer for Indian industry. It decisively improves competitiveness in the EU's high-value market, anchors Indian manufacturers and service providers deeper into global value

India-EU FTA may double gems, jewellery trade to $10 bn in 3 years: GJEPC

Zero-duty access under the India-EU Free Trade Agreement could help double the bilateral gems and jewellery trade to USD 10 billion (around Rs 91,000 crore)over the next three years, the Gem and Jewellery Export Promotion Council (GJEPC) said on Tuesday. This removes 2-4 per cent duties on precious jewellery, unleashing huge export potential with the 27-member EU countries, home to the world's elite buyers. "The India-EU FTA will supercharge market diversification for the gem and jewellery industry. This transformative pact aims to double bilateral trade to Rs 91,000 crore within three years. "Zero-duty access to the world's largest consumer market empowers export hubs in Gujarat, Rajasthan, Maharashtra, and West Bengal to ramp up shipments of precious jewellery (plain and studded), silver, and imitation jewellery, capitalising on India's renowned design prowess," GJEPC chairman Kirit Bhansali said. The European Union and India on Tuesday announced the conclusion of negotiations fo

India-EU FTA opens doors for digital, space collaboration: Sunil Mittal

Bharti Enterprises Chairman Sunil Mittal on Tuesday exuded confidence that the India-EU FTA will open new avenues for collaboration, especially in digital infrastructure and space connectivity, and offer European investors a compelling opportunity to innovate and scale with India for global markets. The agreement also opens opportunities for Indian companies like Airtel to invest in the digital infrastructure in Europe, the telecom sector stalwart said in a statement. The comment comes in the backdrop of India and the European Union (EU) concluding the negotiations for a Free Trade Agreement (FTA) on Tuesday, marking an important milestone in one of New Delhi's most strategic economic partnerships. With a combined market estimated at over Rs 2,091.6 lakh crore (USD 24 trillion), bringing opportunities for the 2 billion people of India and the EU, the FTA promises to unlock significant potential for trade and innovation. The landmark free trade agreement -- which is being billed as

India-EU FTA to benefit industry on both sides, spur investments: Goyal

Speaking after the conclusion of the India-EU free trade agreement, Goyal said the pact was a win-win for all sections of industry in India as well as Europe

India-EU FTA to boost cooperation in maritime sector, cybersecurity: Modi

India and the European Union announced the conclusion of negotiations for the free trade agreement, which officials described as the "mother of all deals"

CBAM concessions if given by EU to others will also apply to India: FTA

The EU has not provided any concessions to India on its carbon regulations in the trade pact, but has agreed that any relaxations granted by the 27-nation bloc to other countries under the CBAM provisions will automatically extend to Indian exporters, an official said on Tuesday. The free trade agreement also provides for a rebalancing of rights in case the EU's measures under this regulation impair pact benefits to Indian firms or if it fails to establish the grounds for the same. Carbon Border Adjustment Mechanism (CBAM) or the carbon tax, which came into effect on January 1, was one of the contentious issues of the trade pact between India and the European Union (EU). Under the mechanism, the EU will impose a carbon tax on goods such as steel, aluminium, fertiliser and cement as they emit carbon beyond a specified threshold during manufacturing. Presently, the tax applies to steel and aluminium products. "CBAM is a difficult issue. It is a horizontal regulation without any ...

No price cut from India-EU FTA; auto tech innovation to rise: Mercedes

The India-EU FTA will strongly drive technological innovation within the Indian automotive sector, Mercedes-Benz India MD and CEO Santosh Iyer said on Tuesday, while ruling out any price reduction of the company's vehicles in the foreseeable future after the deal. Terming the Indo-EU FTA as a historic achievement for India, Iyer said the pact reiterates the "rising relevance of the Indian economy at a global stage". "The FTA is also expected to strongly drive technological innovation and sustainable growth within the Indian automotive sector, with a sharp focus on future mobility. Saying that, the final implications of the FTA can only be determined once the fine print of the agreement is available to us," he added. On the impact of the FTA on prices of vehicles, Iyer said, "With more than 90 per cent of Mercedes-Benz India's sales volume comprising 'Made in India' locally manufactured models, and only around 5 per cent of sales coming via CBU imports from the EU, we do not foresee

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

European wines to get less expensive following India-EU free trade deal

European wines are set to enter the Indian market at lower prices under the bilateral free trade agreement as India will provide import duty concessions under the pact, an official said. Under the pact, the duty on EU wines would fall from 150 per cent to 20 per cent (for expensive ones). For wines below 2.5 euros, there will be no duty concessions. Indian wines, too, will get duty concessions in the EU member countries. India and the European Union (EU) on Tuesday announced the conclusion and finalisation of negotiations for a free trade agreement. The agreement is expected to be signed later this year and may come into force from early next year. The talks were concluded after 18 years. The negotiations started in 2007. Under the agreement, India will be giving duty concessions to the wines of the European Union (EU) in line with what it has agreed for Australia and New Zealand, but with slightly lower thresholds. It was a key demand for the EU. The official said Indian wine t