The Economic Times

EU countries: From German cars to Spanish olive oil Which European nations gain what & when?

The EU-India FTA, concluded on January 27, 2026, will eliminate or reduce tariffs on 96.6% of EU exports, saving 4 billion annually. The deal benefits all 27 EU member states through sector-specific advantages. Germany, France, Italy lead in automotive and machinery; Spain, Italy, Greece gain in olive oil and wine; Belgium, Netherlands in processed foods; and Austria, Finland, Denmark in high-tech equipment. Tariff cuts begin in early 2027, with full benefits rolling out over 510 years.