India-EU Trade Deal Finalized: Unlocking Billions in Opportunities for Both Economies

• The India-EU trade agreement is finalized, opening a 450 million-person market for India and India's vast consumer market for Europe.
• The Free Trade Agreement (FTA) provides unprecedented market access for over 99% of India's exports, safeguarding sensitive sectors.
• India gains preferential access on 97% of tariff lines in European markets, covering 99.5% of trade value, with duty elimination for labor-intensive sectors.
• India has offered 92.1% of its tariff lines, covering 97.5% of EU exports, with immediate duty elimination on 49.6% of tariff lines.
• The deal boosts services trade, promotes Indian talent mobility, and opens opportunities for traditional medicine and agricultural products in Europe.

Why It Matters: The India-EU FTA creates a massive 24 trillion dollar market, offering significant economic benefits and growth for both sides.