
India and the European Union are nearing a landmark free trade agreement expected to be signed later this month, excluding agriculture due to its political sensitivity in India. Negotiations continue to resolve issues like carbon tax, duty cuts, and intellectual property rights. The deal aims to reduce tariffs on goods such as European wine and spirits while opening market access for India's labor-intensive sectors. EU leaders will visit India for a summit and Republic Day events, signaling progress in bilateral trade relations.
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