New Delhi, Jan. 28 -- The conclusion of the India-European Union Free Trade Agreement (FTA) marked a significant boost for India's labour-intensive export sectors, with tariffs on most Indian goods entering the EU reduced or cut to zero.

Finalised on Tuesday, the trade agreement is expected to come into force sometime next year and is designed to deliver gains to both economies, according to Kotak Institutional Equities Research.

Indian exporters stand out as the key beneficiaries.

Almost all labour-intensive exports, such as textiles, apparel, leather, seafood, plastics, gems and jewellery, will now enjoy zero- or reduced-tariff access to the EU market.

These sectors previously faced higher duties than other Indian exports.

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