
Mother of all deals Explained! India-EU Free Trade Agreement Signed today. European Cars, Wine and more getting cheaper! —— The deal will strengthen economic and political ties between the world’s two largest democracies at a time of rising geopolitical tensions and global economic challenges. India is the world’s fourth-largest economy with the world’s largest population. Despite this, EU exports there are relatively low compared to our exports elsewhere. This is due to very high tariffs amongst others. The deal will reduce tariffs and administrative burdens, making trading easier, cheaper and faster. This will help EU companies and famers export more. EU exports to India already support 800,000 European jobs and the export growth can contribute to even more.
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