India-EU Free Trade Agreement Likely by December | Piyush Goyal

Описание: Union Commerce and Industry Minister Piyush Goyal has stated that the proposed Free Trade Agreement (FTA) between India and the European Union is expected to be finalized by December this year, with implementation likely in February or March next year.

According to the minister, the agreement will provide Indian exporters with greater access to European markets, with nearly 93% of products exported from India to the EU expected to enjoy duty-free access. The deal is also expected to reduce the prices of certain imported products, including luxury cars and wines from Europe.

The India-EU trade partnership is considered highly significant, as both economies together account for a substantial share of global GDP and international trade. The agreement is expected to strengthen economic ties, boost exports, attract investments, and create new opportunities for businesses on both sides.

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