India’s Free Trade Agreement with the EU is more than a bilateral win—it’s a strategic masterstroke that tilts the scales in India’s favor during other trade talks. This assessment came from top experts on Wednesday, underscoring its broader implications.
The Carpet Export Promotion Council’s former head, Mahavir Pratap, was unequivocal. The FTA will propel exports skyward, particularly vital now as the US employs trade as leverage. Post-US, Europe reigns as the premier developed market. Zero tariffs on exports from labor-intensive sectors—think leather goods, apparel, and rugs—will ignite job creation across the board.
Echoing this, Srikant Rao of the Indian Coffee Roasters Association labeled it a blockbuster. Indian coffee thrives in Europe, and this deal removes key hurdles to growth. Most importantly, it instills confidence for sustained investments in high-value production lines and equipment.
Tirupur Exporters Association’s K.M. Subramaniam, after two decades of anticipation, gave it a hearty thumbs-up. From this Tamil Nadu hub, Rs 45,000 crore in apparel flows out annually, with Europe claiming 20%. Expect a solid 15% growth in the debut year of enforcement.
Known as the ultimate trade coup—with 25% global GDP stake and 2 billion people in its orbit—the India-EU FTA redefines possibilities. It equips India to outmaneuver rivals in negotiations, diversify risks, and harness export-led growth in an unpredictable global landscape.