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The Other India-EU Deal
The India-EU Free Trade Agreement cuts tariffs on 99% of Indian exports and includes security and mobility pacts, creating a market of two billion people, U.S. officials said.
- On Tuesday at the India-EU Summit, leaders unveiled the India-EU Free Trade Agreement, reducing tariffs on 99% of Indian exports and over 97% of EU exports.
- Amid Washington's tariff campaign, U.S. trade policy uncertainty and Trump administration tariffs prompted India and the European Union to accelerate talks seeking alternatives.
- In a Fox Business interview on Tuesday, Jamieson Greer, U.S. Trade Representative, said India gained market access into Europe and additional immigration rights, highlighting its low-cost labour.
- Indian textiles and apparel exporters warned last week that US buyers cutting orders risks permanent loss, while sectors like leather and marine products gain and European wine and automobile sectors benefit.
- U.S. Treasury Secretary Scott Bessent said India’s Russian oil share rose from about 2-3% to 18-19%, while the U.S. imposed more significant sanctions weeks ago.
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The Economic Times
India comes out on top in EU trade pact, says US trade chief Greer
India has secured a significant advantage in its new free trade agreement with the European Union. US Trade Representative Jamieson Greer highlighted India's increased market access to Europe. The deal also includes provisions for the mobility of Indian workers. This pact is expected to boost Indian exports and strengthen economic ties between India and the EU.
·India
Read Full Article‘Market access and immigration’: US says India came out ‘on top’ of FTA with EU
In an early reaction to the India-EU deal, US Trade Representative Jamieson Greer said India had come out on top in the negotiations. He mocked the European Union for importing low-cost labour from India, contrasting it with the Donald Trump administration's immigration crackdown in the United States.
·Mumbai, India
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Total News Sources14
Leaning Left2Leaning Right3Center3Last UpdatedBias Distribution38% Center, 37% Right
Bias Distribution
- 38% of the sources are Center, 37% of the sources lean Right
38% Center
L 25%
C 38%
R 37%
Factuality
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