the EU trade deal has India's auto stocks on edge
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From food and chemicals to engineering goods, the EU has implemented a wide net of strict regulations that tend to discourage exporters due to the steep compliance burden. Trade experts said that the India-EU FTA offers India a legal opportunity to find a solution to this.
European Union (EU) leaders are preparing €93 billion retaliation after US President Trump threatened tariffs over Greenland. Several countries called the move blackmail and warned of a dangerous trade escalation.
Most Indian steel makers still rely on blast furnaces and are not fully ready to meet the EU’s new carbon rules under CBAM.
An FTA with the European Union that includes agriculture can be beneficial for India in products where it has strong export interests.
The U.S. and EU have the largest bilateral trade and investment relationship in the world, representing almost 30% of global trade in goods and services. Last year alone, the value of EU-U.S. trade amounted to 1.68 trillion euros ($1.96 trillion).
According to a note by brokerage firm Goldman Sachs, the impact of the India-EU FTA will be felt by auto brands with high-volume presence in the premium executive and luxury segments, or in the ₹23.2 lakh-plus price range.