Union Commerce and Industry Minister Piyush Goyal salutes during a joint India-EU Free Trade Agreement press conference in New Delhi. File | Photo credit: ANI
Feb 27 (Reuters) – The European Union and India have agreed to grant each other most-favoured-nation status for five years, starting from the date the agreement enters into force, a draft trade deal showed on Friday that will take effect. (February 27, 2026).
Read | The India-EU trade agreement is also a strategic turning point
The free trade agreement, finalized after years of negotiations that reopened in 2022, removes or reduces tariffs on 96.6% of EU exports to India by value and 99.5% of India’s exports to the EU by trade value.
Published – 28 Feb 2026 07:38 IST
