New Delhi, Jan. 27 -- India and the European Union (EU) on Tuesday, January 27, announced the conclusion of negotiations for the free trade agreement (FTA), under which several domestic sectors such as apparel, chemicals and footwear will get duty-free entry into the 27-nation bloc, while the European countries will get interest-free access to the Indian market for cars and wines.

Prime Minister Narendra Modi with European Council President Antonio Costa, left, and European Commission President Ursula von der Leyen, right, during their meeting at the Hyderabad House, in New Delhi, Tuesday, Jan. 27, 2026. (Source: PTI)

Except for auto and steel, over 93 per cent of Indian goods will receive zero-duty access to the EU. For the remaining s...