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EU-India Trade Deal: Tariff Cuts and New Pact Ahead

1/26/2026

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EU-India Trade Agreement

The European Union and India aim to finalize a free trade agreement during the January 27 EU-India summit.
The deal would cut tariffs on European cars and wine.
India plans to reduce car import tariffs from up to 110% to 40% for select vehicles.
The sides will discuss a labor mobility framework and a defense pact.
The FTA could boost bilateral trade, currently valued at $136 billion.

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Costa Advances Trade

European Council President Antonio Costa arrived in India for the EU-India summit on January 25.
The summit aims to finalize a free trade pact after nearly two decades of negotiations.
Costa and European Commission President Ursula von der Leyen will attend India's Republic Day on January 26.
Bilateral trade reached €120 billion in 2024, with both sides expecting growth despite the EU's carbon border tax on steel.

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EU-India Trade Agreement

The European Union and India aim to finalize a free trade agreement during the January 27 EU-India summit.
The deal would cut tariffs on European cars and wine.
India plans to reduce car import tariffs from up to 110% to 40% for select vehicles.
The sides will discuss a labor mobility framework and a defense pact.
The FTA could boost bilateral trade, currently valued at $136 billion.

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