India-EU 'Mother of All Deals' Signed: 93% Products Duty-Free

• India and the EU have finalized the "Mother of All Deals," a trade agreement set to significantly reduce import duties.
• The deal will bring duties on 93% of Indian products down to zero in the EU, with agriculture, auto, and steel being exceptions.
• It covers 45% of the world's economy and 30% of the global population, making it the largest trade deal worldwide.
• India will reduce import duties to zero on 93% of European goods over 10 years, with 30% becoming duty-free from day one.
• In the auto sector, India will reduce duties on cars priced above 2.5 million rupees under a quota system, while Europe will phase out duties on Indian cars to zero over 5 years.

Why It Matters: The India-EU trade deal is a global game-changer, making 93% of products duty-free for both sides.