India-EU Agreement

This free trade agreement between the EU and India seeks to reduce or eliminate high tariffs on industrial and agri-food products. Implementation is expected to be gradual between 2026 and 2027.

The positive impact on the Spanish market is that EU exports to India are expected to double by 2032.

By sector:

Agri-food: high tariffs on wine and olive oil will be significantly reduced, with olive oil reaching a tariff of almost zero.

Industrial goods: machinery, electrical equipment, chemicals, pharmaceuticals and industrial components — sectors in which Spanish companies are exporters — will benefit from lower barriers.

Automotive: a considerable and progressive reduction in tariffs, which will benefit exporters of vehicles and parts.

All this will make Spanish products more competitive in India. However, it should be borne in mind that greater openness will also allow European and international competitors (France, Italy, Germany) to compete in India, which requires a competitive Spanish strategy (brand, quality, after-sales services).