Service providers to get easier EU market access

SERVICES trade and cross-border mobility for professionals have emerged as key gains for India under the newly concluded India—European Union Free Trade Agreement (FTA), with the pact securing expanded market access for Indian service providers and a predictable framework for the movement of skilled and semiskilled workers across Europe.

- DIPAK MONDAL @New Delhi

As per the Ministry of Commerce and Industry, the agreement delivers “ambitious and commercially meaningful” commitments in services, reflecting the growing importance of the sector, which is the fastest-growing component of both the Indian and EU economies. India—EU trade in services stood at about $83 billion in 2024, and officials expect this to rise sharply once the agreement comes into force.