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India-EU trade deal to save €4 billion a year in customs duties, German minister says

Summary by CNBC-TV18
The India-EU free trade agreement is expected to save EU exporters over €4 billion a year in customs duties, as India and Germany look to deepen trade and investment ties.

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New Delhi, Oct 23 (IANS) According to a report released by Union Commerce and Industry Minister Piyush Goyal, the proposed Free Trade Agreement (FTA) between India and the European Union (EU) could take economic relations with Germany to new heights. The report states that India's exports of goods and services to Germany could cross the $50 billion mark by 2030. A report by industry body ASSOCHAM, released in Berlin during Union Minister Piyush…

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The Hindu Business Line broke the news in Chennai, India on Friday, October 23, 2026.
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