TaxTMI 
TaxTMI 
Highlights of India-EU free trade agreement
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....ighlights of India-EU free trade agreement<BR>Customs & Trade<BR>Dated:- 27-1-2026<BR>PTI<BR>New Delhi, Jan 27 (PTI) The following are the highlights of the India-European Union free trade agreement, closure of negotiations for which was announced on Tuesday. The pact is likely to be implemented next year. * India, the 4th largest economy, and the European Union, the 2nd largest economy, compr....
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....ising 25 per cent of Global GDP, account for one third of global trade. * Over 99 per cent of Indian exports gain preferential entry into the EU, unlocking massive growth potential. * Open new opportunities for MSMEs and create jobs for women, artisans, youth and professionals. * USD 33 bn of exports in labour-intensive sectors like textiles, leather, marine products, gems and jewellery set ....
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....to gain immensely from preferential access under the FTA. * To bring down tariffs up to 10 per cent on almost USD 33 bn of exports to zero duty on the first day of the implementation of the pact * On automobiles, a calibrated and carefully crafted quota-based liberalisation package * Will not only allow EU auto makers to introduce their models in India in higher price bands but also open....
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.... possibilities for Make in India and exports from India in future. * Indian consumers to benefit from high-tech products and greater competition * The reciprocal market access in the EU will also open up opportunities for India-made automobiles * India has prudently safeguarded sensitive sectors, including dairy, cereals, poultry, soymeal, certain fruits and vegetables, balancing export ....
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....growth with domestic priorities *FTA provides measures to tackle non-tariff barriers through strengthened regulatory cooperation, greater transparency, and streamlined customs, Sanitary and Phytosanitary (SPS) procedures, and Technical Barriers to Trade disciplines * Future-ready mobility framework expands global opportunities for skilled, semi-skilled Indian professionals * Through CBAM....
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.... (carbon border adjustment mechanism) provisions, commitments have been secured, including a forward-looking most-favoured nation (MFN) assurance extending flexibilities * Certainty of market access, non-discriminatory treatment, focus on digitally delivered services, and ease of mobility will provide a boost to India's services exports * India to get access to the EU's 144 sub-sectors like ....
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....IT/ITeS, Professional Services, and Education Services * The EU will get access to 102 sub-sectors offered by India * It will bring in high-tech services and investment into India from the EU, resulting in a mutually beneficial arrangement. * FTA provides a facilitative and predictable framework for business mobility covering short-term, temporary and business travel in both directions * Th....
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....e EU and India are providing mobility commitments to each other for Intra-Corporate Transferees (ICT) and Business Visitors, along with entry and working rights for dependents and family members of ICTs. * The EU has also offered commitments in 37 sectors/sub-sectors for Contractual Service Suppliers (CSS) and 17 sectors/sub-sectors for Independent Professionals (IP). * India also secured a fr....
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....amework to constructively engage on Social Security Agreements over a five-year horizon. * India secures access for practitioners of Indian Traditional Medicine to work under home title in EU nations where traditional medical practices are not regulated *FTA promotes cooperation to advance innovation and secure cross-border electronic payments *EU becomes India's 22nd FTA partner. PTI RR....
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.... DRR<BR> News - Press release - PIB....