India-EU Free Trade Agreement (January 2026)
The India-EU Free Trade Agreement, concluded on 27 January 2026, is a comprehensive trade deal between India and the European Union that followed nearly two decades of negotiations (initiated in 2007, suspended in 2013, relaunched in June 2022). It creates the world's largest free trade zone by population, encompassing over 2 billion people and nearly 25% of global GDP. The deal eliminates or reduces tariffs on approximately 97% of European exports to India and provides significant market access for Indian textiles, leather, marine products, and pharmaceuticals.
- Negotiations timeline: initiated June 2007, suspended 2013, relaunched June 2022, concluded 27 January 2026
- Coverage: approximately 97% of EU tariff lines; expected to save up to EUR 4 billion annually in duties for European exporters
- India opened 89.5% of its tariff lines covering 91% of UK's exports; safeguarded sensitive sectors (dairy, cereals, millets, pulses, gold)
- Bilateral trade (2024): EU is India's 2nd largest trading partner after the US; India-EU goods trade valued at over EUR 120 billion
- Sectors benefiting: Indian textiles, pharmaceuticals, chemicals, engineering goods; EU machinery, automobiles, wines
● Tracked since February 11, 2026 · last seen February 19, 2026 · updates as the daily brief publishes
See it in today’s brief.
Daily current affairs with every static concept explained in place.
Read the daily brief