India and the European Union finalized a landmark trade deal on Tuesday, cutting tariffs on autos, textiles, and spirits. The pact aims to double EU exports to India by 2032. European companies are expected to save $4.75 billion in duties. The deal will gradually reduce tariffs on 96.6% of traded goods by value. Indian cars […]
India market
Historic EU-India trade pact nearly finalized
The European Union is close to signing a free trade agreement with India, European Commission President Ursula von der Leyen said. She called it “the mother of all deals.” The agreement would create a market of two billion people, representing nearly a quarter of global GDP. Von der Leyen noted that while progress is significant, […]
India nears historic trade breakthrough with EU
India is close to signing a major trade deal with the European Union this month, trade secretary Rajesh Agrawal said. The agreement would open India’s massive market of over 1.4 billion consumers to European goods. Leaders aim to finalize it ahead of India’s Republic Day celebrations and an EU-India summit. Agrawal said negotiations were “very […]