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Factsheet – EU-India Free Trade Agreement: Main Benefits

14 days ago
https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/india/eu-india-agreements/factsheet-eu-india-free-trade-agreement-main-benefits_en
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  • #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.
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