Factsheet – EU-India Free Trade Agreement: Main Benefits
a month ago
- #Economic Partnership
- #EU-India Trade
- #Tariff Reduction
- India is the 4th largest economy in the world and the EU’s 9th largest trading partner.
- The EU-India trade agreement is the largest for both, covering a market of 2 billion people and nearly a quarter of global GDP.
- Over 90% of tariffs will be cut, potentially doubling EU exports to India and saving up to €4 billion annually in duties.
- Key EU exports include machinery, aircraft, medical equipment, and chemicals, with tariffs on many products dropping to 0%.
- The agreement offers privileged access to India’s services market, simplifies customs, and protects EU intellectual property.
- EU investment in India stands at €140.1 billion, supporting 800,000 EU jobs.
- India commits to binding liberalization in services beyond its agreements with other partners, including the UK and Australia.
- The agreement includes strong protections for intellectual property rights, including copyrights, trademarks, and trade secrets.