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India-EU trade deal details: Tariffs of up to 44% on machinery, 22% on chemicals, 11% on pharmaceuticals will be mostly eliminated; tariffs on over 90% of EU goods exports will be eliminated or reduced

The details of the India-EU trade deal signal a significant reduction in tariffs, which could enhance trade flows between the two economies.

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India-EU trade deal details: Tariffs of up to 44% on machinery, 22% on chemicals, 11% on pharmaceuticals will be mostly eliminated; tariffs on over 90% of EU goods exports will be eliminated or reduced

European Commission President von der Leyen said EU and India finalised a trade deal, and calls it "the mother of all deals"

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The elimination or reduction of tariffs on over 90% of EU goods exports means potential cost savings and increased competitiveness for EU products, impacting the broader trade landscape and possibly affecting currency flows as well.

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