Overview
- Signed in New Delhi after nearly two decades of on‑and‑off negotiations, the agreement sets out broad market opening between the European Union and India.
- Tariffs on many EU exports to India drop sharply, including cars from about 110% to 10% and wines from roughly 150% to 20%, with more than 90% of duties reduced or eliminated.
- Chapters extend beyond goods to cover services and the mobility of skilled and seasonal workers, while India gains wider access for textiles, leather, marine products, gems and jewelry.
- India secured carve‑outs for sensitive farm goods such as wheat, beef, chicken, rice, milk powder, honey, sugar and bananas, preserving protections for its agricultural sector.
- U.S. Treasury Secretary Scott Bessent criticized the EU over the deal, citing India’s purchases of sanctioned Russian oil, and the accord now heads to the European Parliament for approval.