
India and EU to give each other Most Favoured Nation status for 5 years, draft trade deal shows
The Hindu
India and the EU agree to Most Favoured Nation status for five years, enhancing trade and international stability.
Feb 27 (Reuters) - The European Union and India have agreed to grant each other Most Favoured Nation status for a period of five years starting from the date of a trade deal entering into force, a draft of the agreement showed on Friday (February 27, 2026).
Read | The India-EU trade deal is also a strategic turning point
The FTA, finalised after years of negotiations re-launched in 2022, eliminates or reduces tariffs on 96.6% of EU exports to India by value and 99.5% of Indian exports to the EU by trade value.
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