AI GENRATED IMAGE the India-European Union (EU) Free Trade Agreement (FTA) negotiations, a major milestone for Indian foreign policy and economic strategy. India-EU Free Trade Agreement: The " Mother of All Deals" After 19 years of negotiations (started in 2007), India and the EU have finalized a landmark FTA aimed at doubling bilateral trade and reducing strategic dependencies. Key Pillars of the Agreement * Tariff Liberalization: The EU will drop tariffs on 99.5% of Indian exports. Conversely, India has provided concessions on 97.5% of EU imports, notably reducing duties on luxury cars (from 110% to 10%) and wines/spirits. * Services & Labor Mobility: India gains improved access for skilled professionals to work in the 27-nation bloc. India has reciprocated by opening 102 sub-sectors, including professional and telecommunication services. * Exclusions & Sensitivities: To protect domestic...
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