India–EU Free Trade Pact: What’s Agreed, What’s at Stake After Years of Talks

India and the European Union are close to concluding a long-sought free trade agreement (FTA), with an announcement expected on Tuesday at the India–EU Summit in New Delhi.

Here are key elements of the trade deal:

RATIFICATION AND IMPACT

Once signed, and ratified by the European Parliament, a process that could take at least a year, the pact could expand bilateral trade, and lift Indian exports such as textiles and jewellery, which have been hit by 50% U.S. tariffs since late August.

However, a vote by EU lawmakers earlier this week to challenge the...

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