India-EU FTA to zero out tariffs on 99% of exports, unlocking $33B in labour-intensive shipments

Apparel, textiles, leather, footwear and gems & jewellery — currently facing 10-14% EU duties — stand to gain most from the India-EU FTA, expected to take effect in 2026. Indian exporters must meet stringent EU quality standards, though trade-restrictive measures can be challenged.

— Source publishedTue, 19 May, 2026, 18:47 IST·First seen Tue, 19 May, 2026, 18:53 IST·Source The Hindu BusinessLine

What happened

India-EU FTA will eliminate tariffs on 99% of Indian exports, benefiting $33B of labour-intensive goods including apparel, textiles, leather, footwear and gems

Key facts

  • 99%
  • 99.5%
  • $33 billion
  • 10-14%
  • 26%
  • 12%

Why this matters

Pipeline Indian manufacturers and JV targets in apparel, leather, and gems before valuations reprice on the $33B duty-free EU access window opening in 2026.

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