EU deal: What is in store for India?

India and European Union (EU) concluded their free trade agreement (FTA), which is termed as “mother of all deals.” Here is a look at what are the benefits for various sectors in India. The deal would help scaling Indian industries to USD 20 trillion European market.

Listen to this article

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/

Latest

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,”...

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between...

Sincerest Of Flattery!

It doesn’t matter to him that his plan would...

Newsletter

Don't miss

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,”...

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between...

Sincerest Of Flattery!

It doesn’t matter to him that his plan would...

Anup Kumar Saha named Kotak Mahindra Bank MD

Saha will begin his three-year contract on 1 January,...

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the West Asia conflict through higher commodity prices and external sector pressures, our economy is navigating...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,” M Murali, Chairman and Managing Director, Shriram Properties, said at a media briefing in Chennai....

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between the parties for exploring the proposed business opportunity and does not, by itself, constitute an...