[SMM Tin Express: President of German Automobile Association Says India-EU Trade Agreement Sends Strong Signal]

Published: Jan 28, 2026 08:59

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The President of the German Association of the Automotive Industry (VDA), Hildegard Mueller, stated that the trade agreement between the European Union and India sends a strong signal that tangible action is possible. "Although not all trade barriers have been eliminated, in a global environment where protectionism is gradually gaining traction, this agreement will bring much-needed improvements in market access." She particularly welcomed the arrangement on automotive tariffs in the agreement, which involves gradually reducing import tariffs on complete vehicles based on an initial quota of 250,000 units and fully eliminating tariffs on automotive parts within 5 to 10 years. This agreement will not only strengthen bilateral trade between the EU and India but also significantly enhance the attractiveness of mutual investment between the two sides.

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