Established in 1968, the EU Customs Union is a foundational pillar of European economic integration. With Turkey in the mix, India’s biggest deal with the EU suddenly looks more complicated.
'Indian products will be VVIP,' declared News18 India. The India-EU FTA would make travel to Europe and working there easier for Indians, Bharat 24 said.
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.
The European Union is India’s single-largest trading partner when exports and imports with all 27 member-states are calculated. The deal has been almost two decades in the making.
Joint statement issued by India and the US Friday highlights broad contours of the interim agreement to the trade deal. US to eliminate tariffs to zero in pharmaceuticals and gems and diamonds.
By next weekend, Bangladesh will have an elected government. This is India’s moment to reboot broken ties by moderating the ‘ghuspethiya’ rhetoric in poll-bound West Bengal and Assam.
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