Cheaper treats: What EU–India deal brings

India-EU FTA: The newly concluded EU-India free trade agreement promises cheaper European consumer goods in India such as breads, chocolates, confectioneries and wine in a move likely to expand choices and ease prices for Indian consumers accustomed to high import duties on European products.Key tariff cuts under the EU-India deal include some such benefits for the Indian consumer:Wine: Import duties will be slashed from 150% to 75% at entry into force, with tariffs eventually falling to as low as 20% for premium wines and 30% for mid-range wines, making European wines significantly cheaper in India.Spirits: Tariffs of up to 150% will be reduced to 40%, easing the cost of imported spirits.Beer: Import duties will be cut from 110% to 50%, lowering prices for European beer brands.Olive oil, margarine and other vegetable oils: Duties of up to 45% will be fully eliminated over five years, sharply reducing prices of these staple imports.Processed foods (breads, pastries, biscuits, pasta, chocolate, pet food): High tariffs of up to 50% will be completely removed, improving affordability and availability.Fruit juices and non-alcoholic beer: Import tariffs of up to 55% will be reduced to zero, making these products cheaper for consumers.Also Read: Europe and India are making history today, says EU's Ursula von der LeyenKiwis and pears: Duties of 33% will fall to 10% within agreed quotas, lowering prices for imported fruits.Agri-food products overall: Average tariffs of over 36% on European agri-food exports to India will be removed or significantly reduced, expanding consumer choice.Pearls, precious stones and metals : Tariffs of up to 22.5% will be eliminated for 20% of products, with reduced duties for another 36%, benefiting jewellery and manufacturing sectors.Motor vehicles : Import duties of 110% will be cut to 10% under a quota of 250,000 vehicles, potentially lowering prices for select imported models.Pharmaceuticals : Tariffs of around 11% will be removed for almost all products, improving access to European medicines.Sheep meat: Duties of 33% will be eliminated entirely, reducing costs of imported meat products. Sausages and other meat preparations: High tariffs of up to 110% will be lowered to 50%, easing import prices.Luxury cars: Tariffs on imported cars will be gradually reduced from 110% to as low as 10%, while duties on auto components will be fully eliminated over the next five to ten years.Also Read: Mother-of-all deals, but these three things were off the table in the India–EU trade pactSeparately, the two sides are also negotiating a Geographical Indications agreement to safeguard traditional European farm products in India by addressing unfair competition from lookalike goods.