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.
