India-EU trade pact to be signed by December; implemented from Feb-Mar next year: Piyush Goyal
Piyush Goyal said about 93% of Indian shipments would gain duty-free access, while luxury cars and wines from the EU would become cheaper.
- Industry Minister Piyush Goyal announced on Sunday that India and the European Union will sign a free trade agreement by December, with implementation expected during February-March next year.
- Negotiations for the deal, which officials dubbed the "mother of all deals", concluded on January 27 this year, aiming to significantly lower trade barriers between the two major economic powers.
- Under the India-EU FTA, about 93% of Indian shipments will enjoy duty-free access to the 27-nation bloc, while imports of luxury cars and wines from the European Union will become less expensive.
- Together, India and the European Union account for 25% of the global GDP and about $11 trillion in international trade, underscoring the pact's economic significance.
- Trade Representative Jamieson Greer is visiting India this week to hold trade pact talks, while the Canadian Prime Minister expressed during the G7 Summit in France a desire to conclude a similar agreement with India.
14 Articles
14 Articles
India-EU FTA Could Enter into Force in First Quarter of 2027: EU Ambassador Delphin
Get latest articles and stories on Business at LatestLY. The proposed India-European Union (EU) Free Trade Agreement (FTA) could enter into force in the first quarter of 2027, reflecting the commitment of both sides to conclude the process at the earliest, EU Ambassador to India Herve Delphin said on Monday. Business News | India-EU FTA Could Enter into Force in First Quarter of 2027: EU Ambassador Delphin.
India-EU Trade Deal Set for December Signing, Rollout Expected by Early 2027 - Goemkarponn
New Delhi: India and the European Union are on track to sign their long-awaited Free Trade Agreement by December, with implementation expected between February and March 2027, Commerce and Industry Minister Piyush Goyal has said. The agreement, described as one of the most significant trade pacts negotiated by India, is expected to substantially strengthen economic ties between India and the 27-member European bloc. Negotiations for the deal wer…
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