<p>A historic trade deal between India and Europe, signed after two decades of negotiations, will significantly open India’s market. The agreement slashes tariffs on 90% of EU goods, including major reductions on luxury cars, wine, and beer.</p><img><p>A historic India-Europe trade deal was signed after 20 years of talks. It will gradually open India’s market to the EU, cutting tariffs on 90% of EU goods, making beer and wine cheaper.</p><img><p>India cut tariffs on wine and beer from 27 EU nations. Beer tax is now 50%, liquor 40%, and wine 20-30%. Taxes on items like olive oil, butter, and chocolate are now zero.</p><img><p>Tariffs on EU luxury cars drop from 110% to 10% (capped). Tariffs on machinery, chemicals, and drugs are also heavily reduced or removed entirely.</p><img><p>EU firms in finance and maritime services will get special perks in India. Better market access will create new business and jobs. A new chapter will support small businesses.</p>
