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The Hindu — Nationalthehindu.com

EU FTA puts India on a level playing field against competitors in labour-intensive sectors: chief negotiator (opens original article in a new tab)

TL;DR

India's FTA with the EU aims to enhance competitiveness in labor-intensive sectors by removing tariffs and providing preferential access, benefiting multiple states and industries.

  • India's FTA with EU removes tariffs on textiles, apparel, and other sectors to boost competitiveness against countries like Bangladesh and Vietnam.
  • The agreement provides preferential access for Indian engineering and electronics exports, benefiting states like Maharashtra and Karnataka.
  • Marine exports see 94.4% duty elimination, aiding coastal states such as Tamil Nadu and Gujarat.

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