Number of sectors, including marine products, gems & jewellery textiles have been impacted by US tariffs. Indian exporters will see better access to EU markets in these areas.
The free trade agreement will gradually allow up to 250,000 European-made vehicles to enter India at preferential duty rates— far above the 37,000-unit quota extended to the UK.
Two sides also announce signing of a Security & Defence Partnership, launch negotiations for an intelligence sharing agreement & explore India’s addition to Horizon Europe programme.
While export values have increased, India’s share in the global dairy trade has remained largely stagnant, despite being the world’s largest milk producer.
Initial talks held on the possibility of India entering the programme that was started in 2017 between France, Germany and Spain to ensure European sovereignty in defence and security.
Best remembered, as ECB chief, for Whatever it takes. At a time when the Euro was n crisis.