Factsheet - EU-India Free Trade Agreement: Main benefits

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Product2024 exports (EUR)Current tariffsFuture TariffsStaging
Machinery and electrical equipment€16.3 billion Up to 44% 0% for almost all productsUp to 10 years (mostly 5-7) 
Aircraft and spacecraft   €6.4 billion Up to 11% 0% for almost all productsUp to 10 years (mostly 5)
Optical, medical and surgical equipment€3.4 billion Up to 27,5% 0% for 90% of the productsUp to 10 years (mostly EIF, 5 or 7)
Plastics€2.2 billion Up to 16,5% 0% for almost all productsUp to 10 years (mostly 7)
Pearls, precious stones and metals€2.1 billion Up to 22,5% 0% for 20% of the products and tariff reduction for another 36% of the products Up to 10 years (mostly 5)
Chemicals€3.2 billion 

Up to 22% 

0% for almost all productsUp to 10 years (mostly EIF)
Motor vehicles€1.6 billion 110%10% (quota of 250k) 
Iron and steel €1.5 billon Up to 22% 0% for almost all productsUp to 10 years (mostly EIF, 5 or 7)
Pharmaceuticals €1.1 billion 11%0% for almost all productsUp to 10 years (mostly 5 or 7)