India has secured crucial advantages from the European Union regarding the Carbon Border Adjustment Mechanism. These include MFN-like status, a technical dialogue for clarity, and potential for Indian verifiers. Assurances on carbon pricing policy recognition and a flexible agreement framework are also in place. These measures aim to facilitate Indian industry’s access to the European […]
Amid carbon pricing jitters, India secures five key assurances from EU
India and the European Union have concluded a free trade agreement, set to be implemented this year. Under the pact, EU banks will be allowed to open 15 branches in India over four years. The agreement also includes provisions for 100% FDI in insurance and 74% in banking services, alongside safeguards for domestic industries and […]
India-EU FTA FAQs: From overall benefits for New Delhi, Brussels to key mobility related gains, here’s all
1 month ago
India and the European Union have finalized a free trade agreement after nearly two decades of negotiations, creating a vast market and eliminating EU tariffs on 90% of Indian goods. This landmark deal, relaunched in 2022, aims to boost bilateral trade and cooperation across various sectors, including services and agriculture, while safeguarding sensitive domestic industries.
India and the European Union have finalized a free trade agreement. Key sectors like mass market cars and farm produce are protected. Duty concessions will be introduced for specific EU vehicles over time. Indian apples will gain access to the EU market. This pact aims to boost trade between the two regions.
Under the EU-Turkey Customs Union, Turkiye has to match the EU’s common external tariff. So, when the EU lowers its tariffs for an FTA partner such as India, Turkiye would have to extend the same benefit to India.
India and the European Union are pushing for an early operationalization of their free trade agreement. The deal, in the making for two decades, is expected to be in effect within a year. This agreement offers access to a massive EU market. India is actively engaging with EU stakeholders to expedite the process.
Canadian PM Mark Carney’s upcoming India visit in March is poised to secure a significant 10-year uranium supply deal worth 2.8 billion Canadian dollars. The trip also aims to finalize agreements for long-term energy supplies, including crude oil, LPG, and LNG, as well as critical minerals, seeking to reset bilateral ties.
Canada is positioning itself as a dependable energy partner for India. Canadian energy minister Tim Hodgson stated Canada can supply crude oil, LNG, and LPG at competitive prices. This move aims to diversify Canada’s energy exports beyond the United States. Canada sees energy as a key to doubling trade with India by 2030.
India auto exports: In South Africa, the number of vehicles shipped from China has surged 368% over the past four year, and from India 135%. Competition has been fiercest in the entry-level segment of the market, with lower-priced imports compressing margins for domestic producers.
India and the European Union have finalized a landmark free trade agreement. This pact will slash tariffs on over 99% of Indian exports, including apparel and chemicals. European cars, wines, and consumer goods will become more affordable in India. The deal is expected to double trade between the two entities within six years.