Huge trade agreement between Europe and India – What does Greece gain?

What does Greece gain from the historic trade agreement between India and the European Union? Where will tariffs be eliminated?

After 20 years of negotiations, the trade agreement between India and the European Union has been reached. Greece will also benefit from the "mega deal," particularly from the elimination of tariffs.

Specifically, as ERT points out, the tariffs that India applies to olive oil, which can currently reach up to 45%, will be zeroed under this agreement.

Other EU member states are following the same pattern, with French wines, Italian olive oil, and German cars as the protagonists.

Which sectors benefit from the India-EU agreement?

Wine and spirits producers, important sectors for countries such as France, Italy, and Ireland, will be among the big winners of the deal. India's tariffs on European wine will be reduced from 150% to 20 or 30%, those on spirits from 40% to 20%, while they can reach up to 150% today, and for beer, the rate will drop from 110% to 50%.

Olive oil, an important export product for Italy, Spain, and Greece, which is taxed at up to 45%, will no longer be subject to tariffs.

Processed foods, such as dough, bread, confectionery, and chocolate, will also benefit, as will fruit juices, and sheep and lamb meat, as tariffs will be zeroed.

Pears and kiwis, grown mainly in Italy and southwestern France, will see their tariffs reduced from 33% to 10%, under a special quota.

Finally, sausages and other meat preparations will see their tariffs fall from a maximum of 110% to 50%.

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