On this Special Report, the focus is on the historic sealing of the India-European Union Free Trade Agreement (FTA) after two decades of negotiations. European Commission President Ursula von der Leyen hailed the pact, stating, ‘We are creating a market of 2 billion people and this is the tale of two giants.’ The deal provides Indian exporters duty-free access to 27 European markets for sectors like textiles, footwear, and chemicals. In exchange, India has significantly reduced import duties on European automobiles, pharmaceuticals, and iron and steel. While sensitive sectors like Indian agriculture and EU dairy remain excluded, the agreement includes a mobility framework for Indian students and professionals. Ursula von der Leyen emphasized that the partnership will ‘reduce strategic dependencies at a time when trade is increasingly weaponized.’ The agreement now awaits legal vetting and ratification by the European Parliament before it officially comes into effect.
#IndiaEUFTA #FreeTradeAgreement #UrsulaVonDerLeyen #itwebvideos #IndiaToday #TradeDeal #EconomicGrowth #GlobalTrade #IndiaEU #MarketAccess #NewDelhi #Brussels #InternationalTrade #IndianEconomy #EuropeanUnion #StrategicPartnership
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you’ll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button!
India Today TV is India’s leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world!
WhatsApp Channel: https://whatsapp.com/channel/0029Va2AnW3JENxxg7OuJv00
Download App: https://indiatoday.link/wHaj
Follow us: Official website: https://www.indiatoday.in/
Twitter: https://twitter.com/IndiaToday
Facebook: https://www.facebook.com/IndiaToday
