India–EU FTA: EU Cuts Tariffs to Zero on Textiles, Electronics, Chemicals, Gems & Seafood; Big Boost for Indian Exports

India–EU FTA: Major Export Boost as EU Eliminates Tariffs

India’s export landscape is set for a significant uplift under the India–EU Free Trade Agreement (FTA). The Commerce Ministry announced that the European Union has reduced tariffs to zero across multiple key Indian export sectors, enhancing India’s global competitiveness.

🔹 Key Tariff Cuts Under India–EU FTA

• Textiles, Apparel & Clothing: Tariff cut to 0% from 12%

• Leather & Footwear: Tariff reduced to 0% from 17%

• Electronics: Tariff cut to 0% from 14% on 99.6% of India’s exports

• Gems & Jewellery: Tariff reduced to 0% from 4%

• Chemicals: Tariff cut to 0% from 12.8% on 97.5% of exports

• Rail Products & Ships: Tariff cut to nil from 7%

• Marine & Seafood: Granted full preferential access, tariff cut to nil from 26%

📌 Why This Is Important

The tariff elimination is expected to:

• Improve pricing competitiveness of Indian exports

• Boost demand from EU markets

• Support growth in textiles, electronics, chemicals, marine products, and manufacturing

• Positively impact export-oriented and midcap stocks

Categories: Chemical Stocks, Economy Update, Electronics Exports, Export News, Gems Jewellery, India EU FTA, India Trade Deal, Marine Exports, Stock Market News, Textile Stocks