INDIA EUROPEAN UNION FREE TRADE AGREEMENT : IS IT RELEVANT.
After nearly two decades of trade negotiations India and European Union have successfully concluded a Free trade agreement on January 27, 2026 in New Delhi. The deal has been described as "mother of all deals " by European Commission President Ursula Von Der!Leyen.The FTA is more than a trade agreement new blue print for shared prosperity and strategic partnership to deepen economic ties and drive shared prosperity. The Free Trade Zone established by the agreement will benefit approximately2 billion people and one fourth of Global GDP. The provisions of the tariff reduction will make 96.6% of EU goods exports to India tariff either by exempted or reduced. Tariff on key sectors like automobiles machinery, aerospace, processed foods (breads ,pastries, chocolate) dairy and spirits will be removed. With a combined market estimated above US $ 24 million or INR 2091.6 lakh crores that brings unparallel opportunities to the people of India and European Union...