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EU suspends export benefits for certain Indian goods ahead of key FTA conclusion

The European Union has suspended export benefits for a significant portion of Indian goods, including textiles and metals, effective January 1. This move removes an average 20% tariff advantage, impacting India's price competitiveness against countries like Bangladesh and Vietnam. The suspension aligns with the EU's Carbon Border Adjustment Mechanism and occurs as FTA talks are nearing conclusion.

22 Jan 2026 11:56 pm