India, EU Release Historic FTA Text, Commit to MFN Treatment for 5 Years

• India and the EU commit to Most Favoured Nation (MFN) treatment under their Free Trade Agreement (FTA) for five years.
• The Department of Commerce released the provisional text of the landmark deal, finalized after nearly two decades of negotiations.
• MFN benefits beyond five years depend on a review, including Indian students' rights and social security arrangements.
• The India-EU FTA, hailed as the "mother of all deals," covers 20 chapters including trade in goods, services, and digital trade.
• The agreement provides immediate duty-free access for over 70.4% of Indian tariff lines, with 99% of exports eventually duty-free.