On this Special Report, the focus is on the landmark Free Trade Agreement signed between India and the European Union in New Delhi. Union Minister Piyush Goyal described the pact as a historic milestone, stating, ‘India has signed the biggest free trade agreement of its history.’ The deal aims to double bilateral trade by 2032, covering manufacturing, services, and clean energy. Under the agreement, India will slash duties on European cars, pharmaceuticals, and wine, while gaining duty-free access for textiles, footwear, and marine products. A significant highlight is the mobility framework, which offers uncapped access for Indian students and professionals to the EU. The pact also includes the launch of the first EU legal gateway office in India to facilitate the movement of skilled talent. While sensitive sectors like dairy and rice remain protected, the agreement marks a strategic shift in India-EU economic relations, promising a win-win partnership for the world’s second and fourth largest economies.
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