Phased elimination of tariffs over up to ten years has been adopted for certain intermediate products used by India's food processing industry and sourced from multiple countries.
Speaking in an exclusive interview with ANI, Goyal said the agreement reflects "intense negotiations on both sides" and will create significant opportunities across sectors.
Greek Defence Minister Nikos Dendias arrived in India for an official visit until February 9. He will meet Defence Minister Rajnath Singh and External Affairs Minister S Jaishankar, attend the India-EU Forum, and visit Bengaluru to explore defence industry cooperation.
India has agreed to eliminate tariffs on industrial goods under the trade agreement with the United States, cutting average duties to zero from the current 13.5%, US Trade Representative Jamieson Greer has said, according to CNBC.
The agreement is expected to provide a major boost to India's textile and apparel sector, which currently faces tariffs of up to 12% in the EU, compared with zero duties for competitors such as Pakistan, Bangladesh and Turkey. Similar benefits are expected for exports of chemicals, leather p
The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom provides near-complete tariff elimination for Indian exporters, unlocking significant opportunities across various sectors.
As negotiations for a long-anticipated Free Trade Agreement (FTA) between India and the United States enter their final stretch, India is making a last-minute, high-stakes push for full tariff elimination on its labour-intensive exports.