India-EU free trade pact: What’s agreed, what’s at stake after years of talks
Jan 23 (Reuters) – India and the European Union are close to concluding a long-sought free trade agreement (FTA), with an announcement expected on Tuesday at the India–EU Summit in New Delhi. Here are key elements of the trade deal: RATIFICATION AND IMPACT Once signed, and ratified by the European Parliament, a process that could take at least a year, the pact could expand bilateral trade, and lift Indian exports such as textiles and jewellery, which have been hit by 50% U.S. tariffs since late August. However, a vote by EU lawmakers earlier this week to challenge the EU-South America