India-EU trade: GSP suspension raises tariffs on 87% of exports; here’s what GTRI report says
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India’s exports to the EU face significantly higher import tariffs from January 1, 2026, as the EU suspends GSP benefits for 87% of Indian goods. This withdrawal ends preferential access, impacting price-sensitive sectors like garments and coinciding with the EU’s Carbon Border Adjustment Mechanism, creating a double pressure on exporters.
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