FTA to Boost Indian Textiles, Pharma, Chemicals, Agri Exports as EU Remains Key Trade Partner: ICRA

FTA to boost Indian textiles, pharma, chemicals, agri exports as EU remains key trade partner: ICRA

NEW DELHI : India‘s recently concluded Free Trade Agreement (FTA) with the European Union is expected to deliver significant gains for several Indian sectors, including textiles, pharmaceuticals, chemicals, agriculture, leather, and marine products, as the EU remains one of India’s largest and most important trading partners. The India-EU FTA, finalised in January 2026 after long negotiations, eliminates tariffs on over 90 per cent of goods trad…

India-EU FTA: Creating world’s largest free trade area

By Rajesh Agrawal India has shared a rich trading relationship with Europe that dates back to 250 BC, even predating the Silk Road. For most part of the next 2000 years, Indian muslins, cotton, handicrafts, spices, emeralds and gems had become the most coveted merchandise in international trade, a bulk of which made their way to Europe. In return, gold and silver poured into India to pay for these fabulous commodities. The Indo-Europe trade achi…