Nicosia, Cyprus. The Cyprus Chamber of Commerce and Industry (Keve) said the European Union-India free trade agreement will create significant opportunities for EU exporters, including Cypriot businesses in agri-food and industrial sectors.
Agreement timeline and market access
Keve said the agreement was completed in January 2026 and is expected to enter into force in the coming years. It said the deal will make India’s market of approximately 1.45 billion people more accessible to European companies and offer preferential access for European products.
Tariff reductions and expected savings
According to the announcement, tariffs on more than 96 per cent of EU goods exports to India will be reduced or eliminated. Keve said EU exporters are expected to save up to €4 billion annually in tariffs, which it said would strengthen competitiveness.
Sector impacts and product coverage
The chamber said companies, including small and medium-sized enterprises and agri-food producers, will benefit from reduced tariffs on products including olive oil, processed foods, wines and spirits.
Standards, safeguards, and wider provisions
Keve said strict EU health and food safety standards will remain fully in force. It added that the agreement includes mechanisms for targeted responses to potential market disruptions, and provisions to enhance access in services, strengthen intellectual property rights protection, and simplify customs procedures.
How do you expect Cypriot exporters to prepare for the EU-India free trade agreement’s entry into force?