The conclusion of the India-European Union Free Trade Agreement (FTA) marked a significant boost for India's labour-intensive export sectors, with tariffs on most Indian goods entering the EU reduced or cut to zero.
A new analysis by the Kiel Institute for the World Economy shows that "deeper EU-India integration could boost bilateral trade by 41 to 65 per cent," significantly expand economic ties between the European Union and India at a time of rising global trade fragmentation.
Canada's plan to increase energy exports to India makes sense, The Globe and Mail reported, citing analysts. India's massive population and rapid economic growth have boosted its demand for fossil fuels.
In the automotive sector, the agreement is poised to redefine the top end of the passenger vehicle market. With proposed reductions in import duties on select European cars, global manufacturers are likely to reassess pricing strategies and product launches in India, particularly in the luxu
The European Union has announced 10 million euros for a new phase of its WE-LEAD programme in Afghanistan to support women's livelihoods and businesses. Implemented with UNDP, the initiative aims to expand income opportunities as Afghan women continue to face economic challenges.
European Commission President Ursula von der Leyen noted that India-EU ties have never been stronger after both sides finalised a landmark Free Trade Agreement and security partnership. Leaders hailed the deal as a boost to trade, strategic cooperation and shared prosperity amid global un
Finnish President Alexander Stubb welcomed the EU-India Free Trade Agreement as historic. India and the EU concluded the long-pending pact, cutting tariffs on most goods. Leaders called it a major boost to trade and ties, with PM Modi urging businesses to deepen cooperation.
In a statement, Deepak Sharma, President, FMPCCI & Member FICCI, said the agreement would unlock significant opportunities by improving market access, strengthening supply chains and boosting exports across key sectors.
India and the EU finalizing FTA and agreeing to key initiatives across several domains is a statement of deep partnership and the strategic intent of the two sides coming together in a multitude of areas to strengthen partnership, Union Commerce and Industry Minister Piyush Goyal said on
Maharashtra Chief Minister Devendra Fadnavis on Tuesday hailed the signing of the India-European Free Trade Agreement (FTA) as "historic," congratulating PM Narendra Modi for concluding a deal impacting 30 percent of the world's population and 25 percent of global trade.
The FTA establishes a long-term, rules-based framework to unlock growth in trade, investment, and industrial collaboration for a combined market of nearly 2 billion people.
States across India are set to benefit from the landmark India-European Union Free Trade Agreement (FTA), with exports estimated at Rs 6.4 lakh crore expected to gain access to 27 EU markets under a single trade framework.