Belgian PM De Wever pitches lower, zero tariffs to boost India-EU trade
Belgian Prime Minister Bart De Wever urged further cuts in import duties between India and the EU. He specifically highlighted the diamond sector for potential zero tariffs after a new trade agreement. This landmark pact, signed this year, aims to boost bilateral trade significantly. Indian diamantaires have established strong ties with Antwerp, Belgium's diamond hub. The partnership between…
Belgian Prime Minister Bart De Wever advocated for reduced import duties between India and the European Union at the Bharat Diamond Bourse, suggesting that zero tariffs could further boost bilateral trade, particularly in diamonds. The free trade agreement between India and the 27-nation EU bloc, signed in January, aims to significantly cut existing import duties on various products, including polished diamonds.
De Wever expressed willingness to discuss even lower tariffs, emphasizing the need for seamless trade between India and Belgium. Antwerp, a key hub for diamonds, is expected to benefit from the increased trade flow. GJEPC Chairman Kirit Bhansali highlighted that India-Belgium trade in gems and jewellery reached USD 3.5 billion in 2025-26, supporting millions of jobs across India.
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