India-EU Free Trade Agreement Likely By December, Piyush Goyal Says; Zero Duty Access To European Market Expected

Summary

India and the European Union are expected to sign a free trade agreement by December, which is likely to come into force by February or March two thousand twenty-seven. This agreement will significantly enhance India's access to the European market by reducing tariffs, with about ninety-three percent of Indian exports expected to enjoy duty-free access. The pact is anticipated to open up almost the entire European market to India with almost zero duty.