The market access trade-off assumes significance as India-EU trade talks had collapsed in 2013 over market access negotiations for automobiles. The quotas on Electric Vehicles (EVs) will only come into effect in the fifth year, as Indian EV manufacturing is growing. Their duty on the remaining goods will go down to zero in 3, 5 or 7 years. “Under the deal, the EU has agreed upon tariff liberalisation in approximately 99.5% of the value of the goods traded, covering 96.8% of their tariff lines. In the case of India, the tariff liberalisation will be 97%, covering 92.1% of our tariff lines,” government officials said.

Source: Indian Express January 27, 2026 14:39 UTC