India's Landmark FTA Deal with the EU Opens Doors for Exports

India has secured unprecedented market access to the EU, boosting its exports with a historic free trade agreement. The deal, championed by key leaders, strategically enhances India's global trade engagement, benefiting various sectors, including MSMEs and skilled professionals, promising sustainable economic growth and new opportunities.

India has clinched a historic free trade agreement (FTA) with the European Union, securing unprecedented market access at concessional duties for over 99 percent of Indian exports to the EU. The Commerce and Industry Minister, Piyush Goyal, highlighted the agreement's potential to boost domestic, labor-intensive sectors significantly.

Concluded on January 27, the deal was lauded as the 'Mother of all Trade Deals' by Goyal, citing strategic leadership from PM Narendra Modi and key EU figures. This FTA marks a major breakthrough in India's global trade efforts, offering expansive opportunities in the $20 trillion EU market.

The agreement also promises vast benefits for Indian micro, small and medium enterprises (MSMEs), women, youth, artisans, and skilled professionals. The deal protects sensitive sectors while paving the way for economic growth, securing its position as a premier global hub for talent and innovation.

(With inputs from agencies.)