New Delhi, Jan. 27 -- India-EU FTA concluded today in the presence of top leaderships will have multisectoral impact with contributions in sectors like agriculture, education, defense, labour-intensive industries, jewellery, engineering goods and intellectual property.
The conclusion of this historical agreement committs to open markets, predictability in trade and inclusive growth.
The India-EU FTA covers trade in goods and services, rules of origin, customs and trade facilitation, trade remedies, and emerging areas such as digital trade and MSMEs. Tariffs of up to 10 per cent on nearly USD 33 billion worth of Indian exports will be eliminated on entry into force, providing a major boost to labour-intensive sectors including textiles, ap...