India-EU Trade Deal: Wines, Olive Oil, Chocolates to Get Cheaper with Tariff Cuts

• The India-EU free trade agreement (FTA) will significantly reduce tariffs on European agri-food products like wines, olive oil, and processed foods.
• Wine tariffs will drop from 150% to 75% initially, then progressively to 20%; olive oil tariffs will be eliminated from 45% to zero over five years.
• Tariffs up to 50% on processed agricultural products, including bread and confectionery, will also be removed.
• Sensitive agricultural products such as beef, chicken meat, rice, and sugar are excluded from tariff cuts to protect India's farm sectors.
• All imports will continue to adhere to the EU's strict health and food safety standards, which remain unchanged.

Why It Matters: India-EU FTA will make European wines, olive oil, and chocolates cheaper by cutting tariffs, protecting key Indian farm sectors.