India-EU Trade Agreement: What We Know

Watch on YouTube ↗  |  January 27, 2026 at 09:48  |  2:38  |  Bloomberg Markets
Speakers
Oliver Crook — Chief European Correspondent, Bloomberg

Summary

The European Union and India concluded a free trade agreement after nearly two decades of negotiations. The deal will eliminate or reduce tariffs on 96.6% of EU goods exported to India, with the EU claiming it will double EU goods exports to India by 2032. Tariff cuts cover autos, car parts, machinery, chemicals, pharma, wine, and olive oil, while beef, chicken, rice, and sugar are excluded. The agreement still needs EU approvals and will phase in over five to ten years.

  • EU and India conclude long-delayed free trade agreement.
  • Deal cuts or eliminates tariffs on 96.6% of EU goods exported to India.
  • EU expects goods exports to India to double by 2032.
  • Auto tariffs could fall from as high as 110% to as low as 10%.
  • Machinery, chemicals, pharma, wine, and olive oil also receive tariff relief.
  • Beef, chicken, rice, and sugar are excluded from the agreement.
  • Deal requires European Council and Parliament approval and phases in over five to ten years.
  • EU frames deal as signal that multilateralism remains alive amid US trade tensions.
Ideas
Oliver Crook Chief European Correspondent, Bloomberg 0:48
EU-India FTA aids European export sectors
The EU-India free trade agreement concluded after nearly two decades and will eliminate or reduce tariffs on 96.6% of EU goods exported to India. The EU claims the deal will double EU goods exports to India by 2032. This should improve market access for European exporters, especially carmakers and car parts makers (auto tariffs cut from up to 110% to as low as 10%, car part tariffs abolished), machinery (44% tariffs cut), chemicals (22%), pharma (11%), wine (150% down to 75%, eventually 20%), and olive oil (45% to 0%). Tariffs phase in over five to ten years and the deal still needs European Council and Parliament approval, so it is a developing positive catalyst rather than an immediate clean trade.
European carmakers European car parts European machinery European chemicals European pharma European wine European olive oil MED
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This Bloomberg Markets video, published January 27, 2026, features Oliver Crook discussing European carmakers, European car parts, European machinery, European chemicals, European pharma, European wine, European olive oil. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Oliver Crook  · Tickers: European carmakers, European car parts, European machinery, European chemicals, European pharma, European wine, European olive oil