For textile sector:
Zero duty applicable from day one for textiles, apparel and clothing
FTA unlocks access to the USD 263.5 billion EU textile market
For agriculture and Food:
Preferential access for Grapes, Tea, Coffee, Spices, Gherkins, Ghee, Cucumbers, Sweetcorn, Dried Onions etc.
The SAFEGUARD
Strategic protections kept for Poultry, Dairy & Cereal to support local farmers.
Engineering and Manufacturing:
Direct entry into a USD 2 Trillion industrial market; Preferential Access for Indian Engineering Goods.
Fueling India’s USD 300 Billion export target by 2030.
Leather and Footwear
Tariffs slashed from 17 per cent to 0 per cent
Tapping into the USD100 Billion EU leather & footwear segment.
Pharmaceuticals and Med-tech:
Opens up a USD 572 Billion EU market for India
Gems and Jewellery sector:
100 per cent duty-free access
Shimmering opportunities in a USD 79 Billion premium market.
Marine and Seafood:
Full preferential access across the export basket in a USD 53.6 Billion EU market.
Major boosts for shrimp, frozen fish, and value-added seafood products.
Chemicals and Petrochemicals:
Duty free entry on 97.5 per cent of export; major opportunity to unlock potential in USD 500 Billion EU Market.
Gains across inorganic & organic chemicals, fertilisers, pharmaceuticals, cosmetics, soaps & detergents
Also read this: https://industrialeconomist.com/a-look-at-india-eu-free-trade-agreement/
