The European Union and India have announced a historic free trade agreement after nearly two decades of negotiations. European Commission President Ursula von der Leyen called it "the mother of all deals," while Indian Prime Minister Narendra Modi described it as "historic" and "India's biggest free trade agreement."
Market Impact
2B
Combined Market
25%
Global GDP
20+
Years Negotiation
🚗 Tariff Reductions
Elimination of tariffs on most chemicals, machinery, and electrical equipment
Motor vehicle duties reduced from 110% to 10%
Quota of 250,000 vehicles under preferential rates
Tariff cuts on aircraft and spacecraft
🇮🇳 India's Benefits
Preferential access for nearly all exports
Significant tariff reductions on textiles and leather
We are building a comprehensive EU-India marketplace platform. Detailed information about implementation timelines, specific sector opportunities, and marketplace features will be available as we develop this platform.
Stay tuned for updates on how this historic agreement will transform trade between the European Union and India.