Applauding the India -EU FTA, CUU director Mr Chandrajit Banerjee said that this landmark agreement represents a strategic breakthrough in India’s global trade engagement and significantly deepens the partnership between two major democracies and economies that together account for nearly 25% of global GDP. The unprecedented preferential access secured for over 99% of Indian exports is a game-changer for Indian industry. It decisively improves competitiveness in the EU’s high-value market, anchors Indian manufacturers and service providers deeper into global value chains, and accelerates investment, technology inflows, and scale, he further stated.
Key sectors of focus include textiles and apparel, leather and footwear, gems and jewellery, marine products, engineering goods, automobiles, agriculture and processed foods, IT and IT-enabled services, and other business and professional services. By delivering tangible gains for labour-intensive sectors and MSMEs, and by enabling a future-ready mobility framework for Indian talent, the agreement lays a foundation for sustained, inclusive, and globally competitive growth which is fully aligned with India’s vision of Viksit Bharat @2047, he noted.