India and the European Union (EU) are finalizing a Free Trade Agreement (FTA) that could significantly boost bilateral trade. Key highlights include:
- Car tariffs to be reduced from 110% to 40% (potentially 10% later)
- Aircraft tariffs to be scrapped
- Duties on alcohol, food, and chemicals to be slashed
The deal is expected to enhance market access for Indian products like textiles, leather, and seafood, promoting economic growth and job creation. 🚀