Negotiations for the India-EU Free Trade Agreement reached final stages on January 22, targeting tariff elimination on 90% goods including EVs, pharma APIs, and textiles, potentially doubling bilateral trade to $200 billion by 2030 while shielding MSMEs from US tariff hikes through diversified markets. Commerce Minister Piyush Goyal emphasized investment chapters for semiconductor JVs and green steel, complementing India’s 1 billion 5G subscriptions forecast by 2031 via Ericsson projections.
India-EU Trade Deal Nears Finish Line, Unlocking $100 Bn Bilateral Flows
