Why the India-EU Trade Deal Is a Game Changer | Textiles, MSMEs & Markets: Inside the India-EU FTA

Описание: On this Special Report, anchor Swesha Sanchita details the landmark finalisation of the India-European Union Free Trade Agreement (FTA), described as the 'mother of all trade deals'. The bulletin highlights how the agreement aims to benefit Indian textile exporters by reducing 10% duties and empowering MSMEs, while addressing contentious issues like the Carbon Border Adjustment Mechanism (CBAM). Swesha Sanchita notes, 'India has been actually pushing for longer transition timelines and flexible requirements' regarding carbon rules. The report also covers the geopolitical friction caused by the deal, specifically the criticism from US Treasury Secretary Scott Bessent. Bessent accused European nations of indirectly funding the Russia-Ukraine war by purchasing oil products refined in India from Russian crude. Despite US pressure and tariffs, New Delhi and Brussels are moving forward to provide strategic predictability and market access, leveraging India's massive consumer base and stable governance under Prime Minister Narendra Modi to counter global economic uncertainties and Chinese coercion.

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