This news bulletin explores the significant impact of the India-European Union (EU) Free Trade Agreement (FTA) on the Indian economy. Industry body CII has hailed the pact as a ‘landmark agreement’ that is expected to deliver ‘tangible gains for labour intensive sectors and MSMEs’. The report details how sectors such as textiles, leather, and gems and jewellery will gain duty-free access to 27 European markets, potentially providing a 6.4 lakh crore export boost. Crucially, the agreement protects India’s sensitive dairy and agricultural sectors to safeguard farmers’ interests. Beyond trade, the bulletin highlights a historic shift as the two entities launch their first-ever security and defence partnership, focusing on maritime security, counter-terrorism, and cyber threats. The programme further breaks down state-wise benefits, noting how industrial hubs like Gujarat, Maharashtra, and Tamil Nadu stand to gain from increased electronics and engineering exports while strengthening strategic resilience through a trust-based platform for cooperation.
#IndiaEUFTA #FreeTradeAgreement #IndianEconomy #itwebvideos #CII #MakeInIndia #ExportBoost #Textiles #MSME #GlobalTrade #StrategicPartnership #DefenceCooperation #MaritimeSecurity #IndiaToday #TradeDeal #EconomicGrowth
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