Overview
- India will cut or remove tariffs on roughly 96.6–97% of EU exports and the EU will reciprocate for about 99% of Indian goods, with officials citing up to €4 billion a year in tariff savings for European exporters.
- Indian duties on European cars fall to about 35% immediately and to roughly 10% over a decade, alongside an annual quota for 250,000 vehicles covering combustion and electric models.
- A mobility memorandum will create faster legal pathways for high‑skilled workers, students and researchers, and an agreed framework enables compliant data processing by European firms in India.
- A parallel security and defence framework provides for cybersecurity cooperation, maritime security and joint naval exercises, and allows the exchange of classified information between Brussels and New Delhi.
- The package pairs trade liberalization with a hybrid investment‑protection mechanism and CBAM mitigation through green‑tech support and carbon‑credit recognition, while sensitive farm products such as dairy, cereals, sugar and some meats are excluded.