economy

January 27, 2026

This is what’s in the India-EU trade deal

India and EU have concluded a two decade long trade negotiations

This is what’s in the India-EU trade deal

TL;DR

  • India and the EU have finalized a trade deal to remove or reduce tariffs on over 90% of traded goods.
  • India will lower tariffs on European automobile and agricultural products.
  • The EU will reduce tariffs on Indian textiles, leather, marine products, and gems and jewelry.
  • The deal is expected to come into force in 2026.
  • European Commission President Ursula von der Leyen called it a 'historic' deal creating a 'free trade zone of 2 billion people'.
  • India's tariffs on European cars will gradually reduce from 110% to 10%, and duties on car parts will be abolished after five to ten years.
  • Tariffs on machinery, chemicals, and pharmaceuticals from Europe will also be reduced.
  • Indian exports like textiles and apparel will face zero duty in the EU.
  • The deal is expected to create six to seven million jobs in the textile sector.
  • A framework will be established for the temporary entry and stay of professionals.
  • Shares of Indian carmakers and alcoholic beverage companies fell following the news.

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