EU-India Trade Deal: What Gets Cheaper? Full List Revealed!

• India and the European Union signed a historic Free Trade Agreement (FTA) after two decades of negotiations, creating a market of two billion people.
• Import duties on European alcoholic beverages like premium wines, spirits, and beers will significantly decrease, making them cheaper for Indian consumers.
• Wine import duties will drop from up to 150% to 20-30%, while spirits (whiskey, vodka, gin) duties will reduce from 150% to 40%, and beer from 110% to 50%.
• Import duties on European luxury cars (above 25 lakh rupees) will gradually decrease from 66-110% to 30-35%, opening up the Indian premium automobile market.
• The agreement covers 25% of global GDP and one-third of world trade, with tariffs on 97% of India's exports to the EU reduced or eliminated, saving up to €4 billion annually.

Why It Matters: The EU-India FTA will significantly reduce prices of European alcohol and luxury cars, boosting trade and consumer choice.