India–EU FTA: How Customs Automation and Trade Compliance Will Decide Who Scales and Who Slows Down
Customs automation and trade compliance are two sides of one coin, and are required for EU-bound shipments. In the era of trade tariff wars, the two global giants European Union and India, have signed a free trade agreement, setting the tone for new bilateral relations. The India–EU Free Trade Agreement (FTA) is expected to significantly accelerate two-way trade. The two sides have signed the zero or near-zero-duty and taxes agreement. In this situation, the big question is whether hauliers, logistics companies and freight forwarders are operationally ready to manage the EU requirements for customs declaration. The fact is that, when trade partners put down tariffs, rigorous customs scrutiny becomes vital. India–EU Trade Is Set to Accelerate — Are Your Customs Operations Ready? The zero or near-zero tariff FTA between India-EU will likely to cover 99% of Indian exports to the EU. As per statistics, EU website data, EU-India trade 2024 statistics in goods were worth over €120 billion...