India’s steel exporters get wider EU access even before FTA kicks in
A new 1.9-million-tonne country-specific quota, plus residual access, could allow India to ship up to 2.8 million tonnes of steel annually to the EU
India's steel exporters are set to benefit from expanded duty-free access to the European Union (EU) even before a potential free trade agreement (FTA) comes into force. The Indian Ministry of Commerce and Industry has introduced a new quota regime allowing up to 2.8 million tonnes of annual shipments to enter the EU without duty.
Harsh Kumar, a policy reporter at HT Media Group specializing in economic journalism, notes that this move provides a head start in market access for Indian steel exporters. The quota regime kicks in before the FTA, offering a significant boost to trade relations between India and the EU.
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