India-EU FTA: A Catalyst for Economic Integration and Growth
India and the European Union have concluded negotiations for a landmark Free Trade Agreement (FTA), aimed at boosting economic integration and market access. This agreement is designed to enhance trade in goods and services by eliminating tariffs on a large percentage of bilateral trade. Key sectors such as textiles, leather, and marine products stand to benefit greatly from immediate duty eliminations, enhancing competitive positioning in the EU market. Additionally, the FTA opens up opportunities in services, traditional Indian medicine, and intellectual property protection, promising a robust framework for sustained economic collaboration between the regions.
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