'Hope to implement FTA within this calendar year': Piyush Goyal on India-EU trade pact

India-EU FTA Live: Auto major Stellantis hails 'landmark' agreement

European auto major Stellantis India on Tuesday said the signing of the Free Trade Agreement (FTA) between India and the EU is a "landmark" moment and the pact would serve as a significant accelerator for the company's long-term commitment to 'Make in India for the World'.

Moreover, reduced trade barriers will help enhance manufacturing competitiveness, expand export potential, and support seamless integration of its India operations into global supply chains, Stellantis India Chief Executive Officer and Managing Director Shailesh Hazela said in a statement.

"The conclusion of the EU-India Free Trade Agreement is a landmark moment that deepens economic cooperation and strengthens India's position in the global value chain," Hazela said.

"At Stellantis India, we see this agreement as a significant accelerator for our long-term commitment to 'Make in India for the World'. Reduced trade barriers will help enhance manufacturing competitiveness, expand export potential, and support the seamless integration of our India operations into global supply chains," he added. (PTI)

India-EU FTA Live: Agreement to boost various sectors of Assam, says Himanta Sarma

Assam chief minister Himanta Biswa Sarma on Tuesday said the new free trade agreement between India and the European Union will boost the state's different sectors like tea, spices, handicrafts, and minerals.

"The Mother of All Trade Deals! The #IndiaEUTradeDeal will open up new opportunities of growth for various sectors and propel development in two of the biggest economies of the world. This FTA will significantly boost Assam's sectors from tea to spices & handicrafts to minerals," Sarma wrote on X.

India-EU FTA Live: India's eighth FTA since 2021

Since 2021, India has signed FTAs with: Mauritius (2021), UAE (2022), Australia (2022), European Free Trade Association (2024), UK (2025), Oman (2025), New Zealand (2025), and EU (2026).

India-EU FTA Live: Was Trump the 'unifier' for landmark pact?

Union commerce minister Piyush Goyal on Tuesday dismissed speculations that US President Donald Trump played a role in bringing India and the European Union together for their landmark free trade agreement, saying "don't think we even discussed this."

Goyal made these remarks while responding to a question that sought to link the India–EU Free Trade Agreement (FTA) to recent US tariff actions during a joint press conference in New Delhi.

When a reporter asked whether US President Donald Trump, under whose administration both India and the European Union were hit by steep tariffs, acted as a unifying factor in pushing the deal forward, asking, "Was President Trump a unifier for India and Europe to do the trade deal?"

Goyal firmly responded saying, "I don't think we even discussed this at any point of time." Read more

India-EU FTA Live: Industry leaders hail 'huge confidence boost' apparel and textile sectors

Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said the "zero-duty access of Indian garments and clothing to the EU market will decisively turn the tables in India's favour enhancing our competitiveness in the European market."

According to Confederation of Indian Textile Industry (CITI) Chairman Ashwin Chandran, once operational, the India-EU FTA will level the playing field for local textile and apparel exporters with their peers from Vietnam and Bangladesh, against whom they face a tariff disadvantage in the European Union.

Industry projections estimate that Indian apparel exports could grow by 20-25 per cent year-on-year after operationalisation of the FTA as against the current growth rate of 3.01 percent in the EU market.

AEPC Chairman Sakthivel noted, "The FTA eliminates tariff on 100 per cent of apparel tariff lines, which will enhance market access to all member countries of the EU." (PTI)

India-EU FTA Live: 'Agreement to strengthen position of Indian medicines'

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 through improved affordability, continuity, and security of supply, supported by India's high-quality and reliable manufacturing base," Joshi stated. (PTI)

India-EU FTA Live: Gems and jewellery trade to double to $10 billion in next three years, says Gem Export Promotion Council

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 percent 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.

India's gem and jewellery exports accounted for $30 billion in 2024, according to official data. (PTI)

India-EU FTA Live: UP CM Adityanath hails India-EU agreement

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said that the India-EU Free Trade Agreement marks a historic leap in India's global economic journey.

In a post on X, Adityanath said, "Under the visionary leadership of Hon. PM Shri @narendramodi Ji, the India-EU Free Trade Agreement marks a historic leap in India's global economic journey. This strategic pact integrates India with 27 European nations and ensures preferential market access for over 99 per cent of Indian goods, unlocking export potential worth nearly Rs 6.41 lakh crore, especially for labour-intensive sectors.

"By empowering farmers, strengthening MSMEs, boosting manufacturing and services, and expanding opportunities for skilled professionals, this agreement becomes a blueprint for shared prosperity and a stronger, self-reliant India," the chief minister added. (PTI)

India-EU FTA Live: Stock markets bounce back amid optimism over trade pact

Equity benchmark indices Sensex and Nifty ended higher in highly volatile trade on Tuesday, buoyed by heavy buying in bank and metal stocks, a firm trend in global markets, and optimism over the India-EU FTA.

The 30-share BSE Sensex climbed 319.78 points, or 0.39 percent, to settle at 81,857.48. During the day, it hit a high of 82,084.92 and a low of 81,088.59.

The 50-share NSE Nifty surged 126.75 points, or 0.51 percent, to end at 25,175.40.

From the 30-Sensex firms, Adani Ports, Axis Bank, Tata Steel, Tech Mahindra, NTPC, State Bank of India, UltraTech Cement and Bharat Electronics were among the biggest gainers.

Axis Bank jumped over 4 per cent after the firm reported a 4 per cent growth in its December quarter net profit to Rs 7,010.65 crore against Rs 6,742.99 crore in the year-ago period.

In contrast, Mahindra & Mahindra, Kotak Mahindra Bank, Asian Paints, Eternal and ITC were among the laggards. (PTI)

India-EU FTA Live: Piyush Goyal says 'hopeful' of implementing agreement within current calendar year

"We are hopeful of implementing India-EU trade pact within calendar year 2026," says Piyush Goyal.

"Every agreement stands on its own legs, and this is a wonderful agreement. It'll be taken up for a legal scrubbing on a fast track basis...We do hope that we should be able to celebrate the entry into force of this agreement within calendar 2026 itself."

India-EU FTA Live: 'Win-win for all sections of industry in both India and EU,' says commerce minister Piyush Goyal

"India-EU FTA is a win-win for all sections of industry in India as well as Europe. It opens up plethora of opportunities for investments on both sides," says commerce minister Piyush Goyal at MEA briefing.

India-EU FTA Live: Canadian minister takes veiled dig at 'hegemon' Trump over India-EU pact

In a veiled attack on US President Donald Trump, Canada's Minister of Energy and Natural Resources Tim Hodgson said India's free trade agreement with the European Union is a "perfect" answer to global hegemons that use tariffs and economic integration as tools of coercion.

Speaking at India Energy Week 2026, Hodgson said the global economy is undergoing a sharp rupture rather than a gradual transition, as major powers move away from a rules-based, multilateral trading system towards a more mercantilist approach.

"What is happening in the world today is not a gradual economic transition. It is a rupture," Hodgson said. "The hegemons of the world have decided the rules-based order is no longer how the world will work."

Without naming either the US or Trump, he said, "The hegemons of the world have decided that's not the way the world's going to work anymore."

Against this backdrop, he said India's decision to conclude the India-EU trade deal -- described by Prime Minister Narendra Modi as the 'mother of all deals' -- sends a strong signal in favour of free trade and trusted partnerships.

"What you just did with the EU signing -- the mother of all deals -- was a perfect example of how to say no," he said. (PTI)

India-EU FTA Live: MEA hold press briefing on trade pact; says outcomes 'deeply strategic'

Addressing a press conference on the FTA, foreign secretary Vikram Misri said it outcomes are "deeply strategic" in nature.

"In our fast-changing world, the strategic partnership between India and the EU has a value beyond the bilateral context, particularly as we witness shifts in the global economic, technological, and strategic landscape. As the world's second- and fourth-largest markets, India and the EU also have very high stakes on all critical global challenges of the day. Our leaders have resolved to take this very strategic partnership forward for mutual benefit and for the greater good of the global population as a whole."

India-EU FTA Live: PM Modi lists what should be three priorities for both sides under the pact

"First, today, trade, technology, and critical minerals are being weaponised globally. We need to work together to de-risk our dependencies. Can our business community collectively reduce external dependencies in EVs, batteries, chips, and APIs? Can we build a shared alternative for reliable supply chains? Second, both India and the European Union have focused on the defence industry and frontier technologies. I urge you to enhance partnerships in sectors such as defence, space, telecom, and AI. Third, a clean and sustainable future is a priority for both of us. We should increase joint research and investment in every sector, from green hydrogen to solar energy and smart grids. Both industries should also work together on small modular reactors and sustainable mobility," says PM Modi.

India-EU FTA Live: 'India's investment in EU at 40 billion euros'

"Indian investment in the EU has reached almost 40 billion euros. Today, there is deep cooperation between India and European companies in every sector, including R&D, manufacturing, and services, and business leaders like you are both the drivers and beneficiaries of this. Now is the time to transform this partnership into a whole-of-society partnership. With this vision, we have today finalised a comprehensive FTA. This will provide easy access to the European Union market for India's labour-intensive product," says PM Modi.

India-EU FTA Live: PM Modi says India-EU alignment is 'not an accident'

"This alignment is not an accident. As market economies, we share common values, we have shared priorities for global stability, and as open societies, there is a natural connection between our people. It is on this strong foundation that we are taking our partnership to new heights. We are establishing it as one of the world's most influential partnerships, and the results are clearly visible. In the last 10 years, our trade has doubled to reach 180 billion euros. More than 6,000 European companies are operating in India. There is over 120 billion euros of investment from the European Union in India. 1,500 Indian companies are present in the European Union," says PM Modi.

India-EU FTA Live: 'No ordinary diplomatic visit,' says PM Modi

"This visit to India by the Presidents of the European Union Council and Commission is no ordinary diplomatic visit. It heralds a new era in India-European Union relations. For the first time, European Union leaders are participating as chief guests at India's Republic Day celebrations. The largest Free Trade Agreement in India's history is being concluded between India and the European Union, and today, a large-scale India-European Union Business Forum is being held with many CEOs. All these achievements symbolise the unprecedented alignment taking place between the world's two largest democratic powers," PM Modi tells India, EU business leaders.

India-EU FTA Live: EU foreign policy chief Kaja Kallas on India-EU trade pact

"I think the feeling in the room is really genuine, genuine interest for building trade relations, but also other issues when it comes to geopolitical picture as well. Because we see superpowers wanting to rewrite the multilateral order, where everything is divided... Coming from a small country, I can honestly say this is not in the interest of small and medium-sized countries. India is not a small country. But still, I think, there is room for cooperation in Europe. The European Union and India also have a relationship regarding foreign policy," says Kaja Kallas

India-EU FTA Live: PM Modi, EU chiefs address business leaders

Prime Minister Narendra Modi and European Union chiefs address business leaders after signing the landmark India-EU Free Trade Agreement.

India-EU FTA Live: S Jaishankar calls agreements 'pathbreaking'

India-EU FTA Live: Agreement to help boost exports, promote manufacturing, say exporters

Hailing the pact, Aqeel Panaruna, Chairman, Florence Shoe Company and Director, Grand Atlantia Panapakkam SEZ PvT Ltd, said the European Union remains the largest market for India's footwear and leather industry, accounting for 44.64 per cent of exports in 2024.

"With exports to the EU at USD 2.25 billion and the total sector exports at USD 5.04 billion, the agreement has the potential to significantly accelerate growth," Aqeel said.

He added that the shipments to the EU are projected to reach USD 6 billion by 2030, while overall exports could touch USD 14 billion, strengthening India's position as a globally competitive manufacturing partner.

Gulzar Didwania, Partner, Deloitte India, said tariff concessions in wines, spirits and automobiles under the trade deal are best seen as a bid for reciprocal market access.

"In alcohol, carefully phased liberalisation can help formalise imports. In automobiles, selective opening, particularly for components and EVs, can be leveraged to attract investment, embed technology transfer and strengthen domestic manufacturing ecosystems," he said.

Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said this deal will provide a significant boost to apparel exports, which are expected to double over the next three years.

"The zero-duty access of Indian garments and clothing to the EU market will decisively turn the tables in India's favour, enhancing our competitiveness in the European market," Sakthivel said.

He added that industry projections estimate that Indian apparel exports could grow by 20–25 percent year-on-year after the operationalisation of the FTA, against the current growth rate of 3.01 percent in the EU market. (PTI)

India-EU FTA Live: 'Biggest FTA ever,' says EU trade commissioner Marcos Sefcovic

EU Trade Commissioner Marcos Sefcovic said that the "biggest" Free Trade Agreement (FTA) was delivered on Tuesday on the occasion of the India-EU Summit. The Commissioner said that the high tariffs had been reduced, and opportunities been unleashed. Claiming the trade as a "win-win," he termed the partnership with the Union Commerce and Industry Minister, Piyush Goyal, as "genuine."

Through the official X post, he said, "After a year of tireless engagement and more than a decade in the making, we've delivered the biggest FTA ever. High tariffs down, opportunity unleashed. Proof that a win-win trade is real and that a genuine partnership, like with Minister @PiyushGoyal, is always worth the effort." (ANI)

India-EU FTA Live: Airbus president hails agreement

"This is a fantastic day and I'm very proud to be able to celebrate this together with all our friends and partners in India. This FTA has been worked on for a very long time, and I think this is a big step, a big next step in the collaboration between Europe and India. Airbus is extremely active in India. We've been here for more than 60 years. We build a lot of products here. Make in India is at the core of our strategy and we are very committed to continue to bring the best aircraft, the best helicopters and of course also in defence and space products to India, but to do this together. Bringing the technology and then leveraging, of course, the India scale and the strong human development capabilities that we have in the country," says Airbus president Wouter van Wersch.

Prime Minister Narendra Modi announced the conclusion of the India–EU free trade agreement, describing it as a historic milestone that opens new pathways for growth, investment and strategic cooperation. Calling the day one that would be “remembered forever” in the shared history of India and the European Union, he said the agreement, announced alongside European Council President António Costa and European Commission President Ursula von der Leyen, would strengthen economic ties, create jobs for youth, expand opportunities for businesses, foster shared prosperity and build more resilient global supply chains.

'Agreement will drive trade, investment and innovation while strengthening our strategic relationship': PM Modi on India-EU trade deal

"India and Europe have taken a major step forward today. The India-EU Free Trade Agreement opens new pathways for growth, investment and strategic cooperation," he said.

"This agreement will drive trade, investment and innovation while strengthening our strategic relationship. It reflects our shared resolve to shape a stable, prosperous and future-ready economic relationship," he added.

'Today is a day that will be remembered forever, marked indelibly in our shared history': PM Modi on EU trade deal

"European Council President António Costa and European Commission President Ursula von der Leyen and I are delighted to announce the conclusion of the historic India-EU Free Trade Agreement," he said.

"This is a milestone in our relations which will: Strengthen our economic ties, create jobs for our youth, Opportunities for our businesses, foster shared prosperity, build stronger global supply chains," he added.

India-EU FTA Live: PM Modi hails 'historic' FTA

"The historic agreement with EU, which is India’s largest Free Trade Agreement in history, has substantial benefits for the 1.4 billion people of India. It will: Make access to European markets easier for our farmers and small industries.Create new opportunities in manufacturing.Further strengthen cooperation between our services sectors," tweets PM Narendra Modi.

India-EU FTA Live: 'Labour-intensive sectors to get a big boost, helping our exports leapfrog' - Piyush Goyal

India-EU Summit Live: First-ever security and defence partnership launched - Ursula von der Leyen

In her address at Hyderabad House, European Commission President Ursula von der Leyen highlighted that the India-EU partnership is delivering security for its people in an increasingly insecure world.

She announced that the world’s two largest economies and democracies have launched their first-ever security and defence partnership, marking a historic shift in their bilateral ties.

Von der Leyen noted that Europe and India possess a long history of cooperation in the defence industry and emphasised that this new framework will strengthen their collective resilience against emerging global threats.

India and the European Union on Tuesday announced the finalisation of “mother of all FTAs”, that will result in gradual tariff reduction for 96% of exports from both sides, while keeping contentious items such as cereals and dairy products outside the ambit.

While Indian textiles, marine products, leather and footwear, gems and jewelry, toys and sports goods will get zero-duty access, government has decided to opt for a phase opening up of the market for European cars that cost above Rs 25 lakh and wine that costs upwards of $3-3.25 a bottle.

In both cases, the reduction will be for specific quantities with higher quotas for the more expensive products.

India-EU FTA Live: Rs 6.4 lakh crore export boost to Indian states

India-EU Summit Live: 'PM Modi, we did it!' - Ursula von der Leyen

During the joint press conference at Hyderabad House, European Commission President Ursula von der Leyen celebrated the successful conclusion of the trade negotiations with a personal message to the Prime Minister.

"PM Modi, we did it! We delivered the mother of all deals," she declared, expressing her gratitude for the "exceptional hospitality" she received as a Chief Guest for Republic Day.

She emphasised that the agreement represents a "win-win situation" for two global giants that will create good jobs for millions of people. Von der Leyen added that the success of India makes the world more prosperous and that the deal serves as a testament to the "seriousness of our intent and the strength of our commitment."

Security is the foundation of shared prosperity - Antonio Costa

European Council President António Luís Santos da Costa emphasised the inseparable link between economic growth and regional safety during the joint briefing. He stated that while the European Union and India are working together to grow spheres of shared prosperity in a multipolar world, such prosperity cannot exist without security.

Costa called for strengthened cooperation to better protect citizens and shared interests, urging both powers to reach a new level of strategic trust. He highlighted the significance of the newly signed agreement on a security and defence partnership, noting it is the first such overarching framework ever established between India and the European Union to counter the full range of threats across the Indo-Pacific, Europe, and the world.

A 'partnership for global good' and a five-year strategic roadmap - PM Modi

Prime Minister Narendra Modi announced the launch of an ambitious and holistic strategic agenda for the next five years, designed to provide clear direction in a complex global environment.

He stated that the agenda will focus on advancing shared prosperity, accelerating innovation, strengthening defense cooperation, and deepening people-to-people ties.

The Prime Minister emphasised that the India-EU union is a "partnership for global good," noting that the two powers will advance trilateral projects from the Indo-Pacific to the Caribbean and establish the India-Middle East-Europe Economic Corridor (IMEC) as a vital link for global trade.

India-EU Partnership a 'geopolitical stabilizer' - European Council President Antonio Costa

During the joint press briefing at Hyderabad House, European Council President António Luís Santos da Costa formally announced the conclusion of trade negotiations, a process he noted had been relaunched during his time as Prime Minister of Portugal in 2021.

He stated that the summit sends a clear message to the world that at a time when the global order is being fundamentally reshaped, the European Union and India stand together as strategic and reliable partners.

Costa emphasized that as the two largest democracies, the two powers are working hand in hand to deliver concrete benefits for their citizens and to shape a resilient global order that underpins peace, stability, economic growth, and sustainable development.

India-EU Summit Live: Reaching 'new heights" of strategic partnership - PM Modi

During the joint press briefing at Hyderabad House, Prime Minister Narendra Modi underscored the deep-rooted foundations of the India-EU relationship, describing the day as a historic occasion for the world’s two largest democratic powers.

He stated that the partnership is adding a decisive chapter based on shared democratic values, economic synergy, and strong people-to-people ties.

The Prime Minister highlighted the remarkable progress made in recent years, noting that bilateral trade between India and the European Union has now reached a significant milestone of 180 billion euros.

India-EU Summit Live: PM Modi hails FTA as the 'biggest in India's history'

During the joint press briefing at Hyderabad House, Prime Minister Narendra Modi described the newly signed Free Trade Agreement with the European Union as the largest and most significant trade pact in India’s history.

The Prime Minister emphasised that the agreement is designed to ensure mutual prosperity for both regions.

India-EU Summit Live: India and EU add a 'decisive chapter' to partnership

Prime Minister Narendra Modi hailed the signing of the Free Trade Agreement as a landmark event during his joint press briefing at Hyderabad House. Reflecting on the timing of the deal, the Prime Minister noted that yesterday was a historic moment when European Union leaders participated in India's Republic Day celebrations for the first time.

He stated that today represents another such moment, where two major democratic powers are adding a decisive chapter to their relationship, further strengthening the bond between India and the EU.

India-EU Summit Live: Key agreements exchanged at Hyderabad House

Prime Minister Narendra Modi, European Commission President Ursula von der Leyen, and European Council President António Luís Santos da Costa witnessed the exchange of three significant documents today in New Delhi.

These include the formal constitution of a Green Hydrogen Task Force to align standards and certification for clean energy trade, a Memorandum of Understanding (MoU) between the Reserve Bank of India and the European Securities and Markets Authority to strengthen financial regulatory cooperation, and an Administrative Arrangement on Advanced Electronic Seals and Signatures to facilitate secure and seamless digital trade between the two regions.

India-EU Summit Live: Germany hails India-EU FTA

Germany has welcomed the conclusion of the India-EU Free Trade Agreement, stating that it "creates new opportunities for growth".

India, EU sign key pacts

India-EU Summit Live: Delegation-level talks conclude; joint press briefing next

Prime Minister Narendra Modi and EU Presidents Ursula von der Leyen and António Costa have successfully concluded delegation-level talks at Hyderabad House. The leaders are now scheduled to move to the joint press briefing, where they will formally announce the conclusion of the "Mother of all deals" and witness the exchange of landmark agreements, including the Free Trade Agreement and the Security and Defence Strategic Partnership

In a landmark development, India and the European Union on Tuesday finalised what is being called the ‘mother of all’ trade deals. President of the European Commission, Ursula Von Der Leyen took to X to share that: Europe and India are making history today.“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. This is only the beginning. We will grow our strategic relationship to be even stronger,” Ursula Von Der Leyen shared on social media.

India-EU Summit Live: PM Modi and EU Chiefs begin delegation-level talks

Prime Minister Narendra Modi is now hosting European Commission President Ursula von der Leyen and European Council President António Luís Santos da Costa for delegation-level talks at Hyderabad House.

This session marks the formal core of the 16th India-EU Summit, where the leaders are reviewing the final text of the "Mother of all deals" and finalising a new roadmap for bilateral relations.

India-EU Summit Live: Rajnath Singh hails new chapter in defense ties

Defence minister Rajnath Singh expressed his delight following his meeting with EU High Representative Kaja Kallas in New Delhi today.

During their discussions, the two leaders covered a broad spectrum of bilateral security and defense issues, focusing specifically on the integration of supply chains to create trusted defense ecosystems and future-ready military capabilities.

In a post on X, Singh emphasised that he looks forward to significantly greater cooperation between India and European Union member states moving forward.

"Delighted to meet High Representative/Vice President (HR/VP) of the European Commission, Ms Kaja Kallas, in New Delhi today. Discussed a range of bilateral security and defence issues, including oppurtunities for integrating supply chains for building trusted defence ecosystems and future-ready capabilities. Looking forward to greater cooperation between India and the EU countries", he wrote.

India-EU FTA Live: Massive tariff cuts for food and climate funding boost

The European Union has confirmed significant breakthroughs in the "Mother of all deals" that will reshape India's food and energy landscape. Under the agreement, India will eliminate tariffs on European fruit juices, processed foods, olive oil, margarine, and other vegetable oils, opening a vast market for EU agri-food exports. Additionally, duties on European spirits—which currently face charges of up to 150%—will be slashed to a flat 40%, providing a major lift to the premium liquor sector.

Beyond trade, the partnership includes a substantial environmental commitment, with the EU envisaging €500 million in support over the next two years to help India accelerate its efforts to cut greenhouse gas emissions and drive its long-term sustainable industrial transformation.

India-EU FTA Live: 96.6% of European Union goods exports to see tariff relief

The European Union has confirmed that the newly finalised trade deal is the most ambitious opening India has ever granted to a partner. Under the agreement, tariffs on 96.6% of the value of EU goods exports to India will be either eliminated or significantly reduced.

This massive reduction is expected to save European exporters approximately €4 billion per year in duties and aims to double EU trade exports to India by 2032.