Europe · Business news · Global · 11 Sept 2026
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The European Commission submitted proposals to the Council for the signature and conclusion of the EU-India free trade agreement. The deal eliminates or reduces tariffs on 96% of EU goods exports to India and is estimated to save European companies about €4 billion a year in duties. EU-India trade in goods and services is worth more than €180 billion a year and supports around 800,000 EU jobs. EU governments must authorise signature and the European Parliament must give consent before it enters into force; India is running its ratification in parallel.
Lower Indian duties cut costs for European exporters in sectors where India's tariffs have been high, such as cars, machinery, chemicals, and wines and spirits, and improve the economics of EU companies serving Indian customers. Indian exporters to Europe gain more predictable rules in return. Both sides still need to complete ratification, so the effect on earnings comes only once the agreement applies.
Reported by European Commission — “Commission presents landmark India trade deal to Council for signature” ↗ on 11 Sept 2026.
Official series on 11 Sept 2026 or the last day before it, and the latest observation.
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