India will provide the European Union access to 92.1% of its lines, covering 97.5% of EU exports, according to the same policy summary. Nearly 49.6% of tariff lines will see immediate duty elimination, while 39.5% will be phased out over five, seven, and 10 years.
The framework also includes phased tariff reductions for about 3% of products, with trade rate quotas (TRQs) for some fruits. The list includes apples, pears, peaches, and kiwi fruit under in-quota rates.
The reported product schedules point to steep reductions in several industrial categories over a 10-year horizon. They include machinery and electrical equipment moving from tariffs as high as 44% to 0%, aircraft and spacecraft from 11% to 0%, and pharmaceuticals from 11% to 0%.
Other cited changes include motor vehicles from 110% to 10% under a quota of 250,000 units, plus lower duties on wines, spirits, beer, olive oil, and . Meanwhile, several metals and chemicals categories shift to zero duties on most lines over time, the summary said.
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