With bilateral trade in goods worth €120 billion, the EU is India's largest trading partner. There are 6,000 European companies operating in India and to boost that relation, The European Commission would like to conclude a Free Trade Agreement by the end of the year, that could significantly reduce tariffs and other barriers.
After the blow to its trade relations with the US, following the imposition of an average tariff rate of 15%, the EU is trying to speed up agreements with other regions.
