India & EU Set to Seal Historic Free Trade Deal | Boost for Textiles & Exports | News9

India and the European Union are set to announce the conclusion of long-pending free trade talks as early as Tuesday during the India–EU Summit in New Delhi. The agreement, if ratified by the European Parliament, could reduce tariffs on European cars, wine, and spirits while opening EU markets for Indian exports such as textiles, jewellery, electronics, and chemicals. Relaunched in 2022 after nearly a decade-long pause, negotiations focus on trade in goods, services, and rules, though sensitive sectors like agriculture and dairy remain excluded. Key concerns include non-tariff barriers and EU carbon levies. Analysts say the pact could strengthen bilateral trade, enhance India’s global market access, and help EU companies diversify supply chains away from China, with success hinging on tariffs, service mobility, and regulatory hurdles. Bilateral trade between India and the 27-nation bloc stood at over $136 billion in 2024/25, highlighting the strategic significance of this potential pact.

India | European Union | India EU Summit | Free Trade Pact | Indian Exports | Textiles | Jewellery | Electronics | Chemicals | Bilateral Trade | Tariffs | EU Carbon Levy | Trade Negotiations | Global Market Access | Supply Chain Diversification


#India #EuropeanUnion #FreeTradePact #IndiaEUSummit #Textiles #Jewellery #Electronics #Chemicals #BilateralTrade #Tariffs #EUCarbonLevy #TradeNegotiations #GlobalMarketAccess #SupplyChainDiversification

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