What is the India–EU Free Trade Agreement (FTA) and why is it important?

Question

Accepted Answer

The India–EU Free Trade Agreement (FTA) is a comprehensive trade pact that liberalises trade in goods and services including boost investment flows, and establish frameworks for mobility, digital trade, MSMEs, and sustainable development. It is important because it is India’s largest FTA by trade value. It covers economies that together account for around 25% of global GDP. It significantly strengthens India’s position in global value chains.