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Embassy of Sweden New Delhi, India

Local time 4:11 AM

How will the agreement affect tariffs on EU exports to India?

This deal is expected to double EU goods exports to India by 2032 by eliminating or reducing tariffs in value of 96.6% of EU goods exports to India. Overall, the tariff reductions are estimated to save around €4 billion per year in duties on European products. Examples of major interest for Swedish industry include car tariffs being cut from 110% to as low as 10%, car-part duties being fully eliminated within 5–10 years however electric vehicles are excluded for the first 5 years and tariffs of up to 44% on machinery, 22% on chemicals and 11% on pharmaceuticals largely removed.

Last updated 05 Feb 2026, 4.20 PM