EU and India Sign Landmark Free Trade Agreement, Reducing Tariffs on 96.6% of Goods

Published: Jan 31, 2026 15:10

Save

The European Union and India have successfully signed a free trade agreement. Under the agreement, India will eliminate or reduce tariffs on 96.6% of goods exported from the EU to its domestic market. Notably, automobile tariffs will undergo a gradual reduction process, decreasing from the original 110% to a final rate of 10%. At the same time, the EU has committed to eliminating or lowering tariffs on 99.5% of goods imported from India over the next seven years.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Inventory Buildup Pressure Coupled with Weak Demand Leads to Widening Spot Aluminum Discounts in South China [SMM South China Spot Aluminum Daily Review]

8 hours ago

10 hours ago

Data: SHFE, DCE market movement (Feb 25)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 25 Feb , 2026

10 hours ago

11 hours ago

Secondary Aluminum Alloy Ingot Inventory Down 142 mt MoM, 152 mt from Pre-Holiday Level

[SMM Express] Today, the inventory of secondary aluminum alloy ingots in major consumption areas decreased by 142 mt MoM from the previous day and by 152 mt from the pre-holiday level.

11 hours ago