They said the pact is also expected to include liberalisation of norms in several services sectors. On the other hand, the EU has been demanding duty reductions for its automobiles and alcoholic beverages including wines. India has granted quota-based tariff concessions in its trade pact with the UK in the automobiles sector. The EU's tariffs on Indian goods are about 3.8 per cent, but labour-intensive sectors attract about 10 per cent import duty. A trade deal also includes easing of norms to promote trade in services sectors such as telecommunications, transportation, accounting, and auditing.

Source: The Telegraph January 26, 2026 09:58 UTC