EU's zero-tariff offer on most chemical and medical exports is set to boost India's pharma, medtech and biosimilars access to European markets
CBAM relaxations offered by EU to other partners will apply to India: commerce secretary
India and the EU adopt a Joint Strategic Agenda to deepen cooperation on technology, innovation and startups, spanning AI, semiconductors and clean tech
India's Bharat 6G Alliance is set to gain from closer collaboration with Europe's 6G industry body under the India-EU free trade agreement, boosting joint research, standards alignment
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 and EU seal historic free trade deal, opening vast markets and cooperation avenues while urging India to boost competitiveness and reforms
Deal provides phased tariff liberalisation on over 97% of goods, safeguards sensitive sectors and boosts labour-intensive exports
Prime minister says pact covers a quarter of global GDP as India builds export-oriented energy ecosystem
To double apparel exports to Europe from $5.5 billion to over $11 billion in five years
But $50 billion export aim holds as EU smartphone shipments drop after Apple's US pivot
Indian auto component makers cheer the India-EU trade deal, while luxury car brands see long-term demand boost as import duties ease, even as local automakers' stocks slip
CCIL can re-apply for recognition; Esma in talks with Sebi, IFSCA for similar agreement
Concerns over non-tariff barriers for farm and animal products remain
With India and the European Union finalising a long-awaited free trade agreement, European Council President António Luís Santos da Costa shared a lighter moment by revealing his OCI card
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 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
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 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 .
PM Modi said the India-EU FTA is a landmark partnership between two major economies, promising sweeping gains and new opportunities for businesses and consumers.
India and European Union on Tuesday explored ways to integrate their defence supply chains under a broader goal of deepening bilateral strategic ties. The issue figured prominently at a meeting Defence Minister Rajnath Singh held with European Union's chief of foreign and security affairs Kaja Kallas. "Discussed a range of bilateral security and defence issues including opportunities for integrating supply chains for building trusted defence ecosystems and future-ready capabilities," Singh said on X. "Looking forward to greater cooperation between India and the EU countries," he said. The meeting took place ahead of the India-EU summit talks.