India-EU FTA: Agriculture, Dairy 'Red Lines' Respected, Says EU Commissioner

• EU Trade Commissioner Maros Sefcovic confirms that 'red lines' on sensitive sectors like agriculture and dairy have been fully respected in the India-EU FTA negotiations.
• The agreement aims to liberalise tariffs in 97–99% of sectors, with safeguards like quotas and partial tariff reductions for sensitive product lines.
• The FTA is projected to double job creation and investments by EU companies in India, and double trade in goods and services to $360 billion.
• EU companies could save around €4 billion annually in customs duties, with implementation targeted for 2027.
• Sectors like automobiles, wines, IT services, pharmaceuticals, and textiles are expected to benefit, with efforts to offer better market access for India's labour-intensive exports.

Why It Matters: India-EU FTA respects sensitive sectors, aims for deep tariff liberalisation, and promises significant economic gains.