Page 2 - India-eu Fta Pact

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

India offers EU automakers 6 times larger quota than UK, cuts car tariffs

Beyond the quota, the trade pact has negotiated a rate cut to 35 per cent over 10 years for fossil-fuel powered cars, officials added

India, EU conclude 'mother of all' trade deals, says Ursula von der Leyen

India and Europe have concluded the "mother of all" trade deals, European Commission President Ursula von der Leyen said on Tuesday as Prime Minister Narendra Modi and the top EU leadership held summit talks to elevate the two-way ties to jointly navigate geopolitical turbulence and trade disruptions. Prime Minister Modi hosted von der Leyen and European Council President Antonio Costa at the summit. "Europe and India are making history today. We have concluded the mother of all deals. We have created a free trade zone of two billion people, with both sides set to benefit," Von der Leyen said. "This is only the beginning. We will grow our strategic relationship to be even stronger," she said. The two EU leaders graced the 77th Republic Day celebrations at the Kartavya Path as chief guests on Monday. The long-awaited free trade agreement is expected to significantly expand the overall trajectory of two-way engagement as it will open up new opportunities for cooperation in diverse .

India-EU FTA to be a 'living agreement' with multiple review mechanisms

Deal aims to boost trade diversification, labour-intensive exports and services while safeguarding sensitivities on both sides

Europe funding 'war' against itself: Scott Bessent on EU-India trade deal

Comments come ahead of India-EU free trade agreement talks and ongoing tariff disputes

Best of BS Opinion: India must find its way as it enters a new world order

From India's role in a changing global order to fertiliser reform, export ambitions and the EV supply chain, today's Best of BS Opinion brings together key editorials and columns.

India-EU pact likely to expand trade, not threaten domestic industry: GTRI

The India-EU free trade agreement, to be announced on January 27, is likely to lower costs and expand trade rather than threaten the domestic industry, think tank GTRI said on Sunday. The Global Trade Research Initiative (GTRI) said that as global trade is increasingly shaped by tariffs, geopolitics and supply-chain realignment, the India-EU economic relationship stands out for its clarity of purpose. The two are not rivals but partners operating on "different rungs of the value chain", it added. India exports labour-intensive, downstream and processing-based goods, while the European Union supplies capital goods, advanced technology and industrial inputs. "This structural complementarity explains why an India-EU free trade agreement is likely to lower costs and expand trade rather than threaten domestic industry," GTRI Founder Ajay Srivastava said. In FY2025, India-EU goods trade exceeded USD 136 billion, and tariff cuts would primarily reduce input costs, deepen value-chain ...

India, EU to announce conclusion of landmark free trade pact on Jan 27

India and the European Union are set to announce on January 27 the conclusion of negotiations and finalisation of a free trade agreement, which is aimed at boosting economic ties between the two regions amid disruptions in global trade due to US tariffs, an official said. The pact is nearing the finishing line after 18 years. The talks started in 2007. Commerce and Industry Minister Piyush Goyal has termed this free trade agreement (FTA) "mother of all deals" the country has signed so far. The conclusion of talks for the agreement will be announced in the India-EU (European Union) Summit here, the official said. European Commission President Ursula von der Leyen landed here on January 24 for a four-day visit. President of the European Council Antonio Costa and von der Leyen will hold summit talks with Prime Minister Narendra Modi on January 27. While India and the 27-nation bloc EU will announce closure of FTA talks this week, it will be signed after legal vetting of the text on a

India, EU likely to seal long-pending free trade pact at summit on Jan 27

At the World Economic Forum in Davos on Tuesday, von der Leyen signalled progress, stating the European Union is close to concluding the agreement but acknowledged that additional work remains

India-EU FTA: European auto lobby flags risks of 'restricted' access

ACEA urges full tariff removal on auto parts, cautions against licences and residual duties as India and EU eye announcing deal at January 27 summit

FTA: India, EU should find convergence on sustainability chapter, NTBs

The two sides need to move little beyond their defined negotiating stance on investment treaty, subjects like agriculture, digital trade, IPR and ensure conclusion of the much awaited trade agreement

EAM urges Dutch support as India enters decisive phase in EU FTA talks

With new, important areas of bilateral cooperation coming up, there is scope for raising the ambition of India-Netherlands relationship, and whether it is semiconductors, digital, cyberspace or life sciences, "we would like to work more closely with you", External Affairs Minister S Jaishankar said on Friday. In his opening remarks before holding talks with his Dutch counterpart David van Weel here, the EAM also said, "We also count on your support as we are moving to what I hope is a decisive phase in our negotiations with the European Union on the Free Trade Agreement." The minister of foreign affairs of the Netherlands visited India from December 17-19 at the invitation of the external affairs minister, the Ministry of External Affairs (MEA) said. The MEA in a statement said the Indian side looked forward to welcoming Dutch Prime Minister Dick Schoof for the AI Impact Summit in February 2026 in New Delhi. The Dutch side reiterated the invitation to Prime Minister Narendra Modi fo