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EU Says India To Slash Tariffs On Import Of Autos, Wine And Pasta

EU Says India To Slash Tariffs On Import Of Autos, Wine And Pasta


2026-01-27 05:08:53
(MENAFN- Gulf Times) A giant free trade deal between India and the EU unveiled Tuesday will cut or eliminate tariffs on almost 97 percent of European exports, saving up to 4 billion euros ($4.75 billion) annually in duties, the 27-nation bloc said.

Tariffs on cars will be gradually lowered from a top rate of 110 percent to as low as 10 percent, while duties on wines progressively go down from 150 percent to as low as 20 percent.

Currently at 50 percent, tariffs on processed foods including pasta and chocolate will be completely eliminated, according to the European Union

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Gulf Times

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