A fillip for agri, processed food exports

India’s agricultural and processed food producers will benefit from the India-EU free trade agreement

- Vijay C. Roy

The agreement is expected to enhance the competitiveness of key Indian commodities, including tea, coffee, and spices. REUTERS

(REUTERS)

India’s agricultural and processed food producers will benefit from the India-EU free trade agreement (FTA), which aims to level the playing field for Indian farmers and agri-based businesses in Europe, while protecting key domestic sectors like dairy, cereals, poultry, soymeal, and certain fruits and vegetables.

The agreement is expected to enhance the competitiveness of key Indian commodities, including tea, coffee, spices, fresh fruits and vegetables, and processed food products in EU. The development assumes significance in the backdrop of the EU accounting for 12-13%, or about $4.4-4.8 billion, of India’s total agricultural exports of $37 billion by value in FY25.