
The India-European Union (EU) Free Trade Agreement (FTA) represents a significant opportunity for India's pharmaceutical sector, opening doors to a $572.3 billion market while reinforcing India's global healthcare leadership, reports The Pharma Letter’s India correspondent.
In an era of 'China Plus One' strategies, the FTA codifies India’s role as a reliable, rules-based partner in the global life sciences value chain, moving beyond generic volume to high-value clinical and surgical innovation.
While the FTA dramatically reshapes pharmaceutical trade by slashing tariffs from 11% to near-zero for Indian pharma exports to the EU and reducing duties on EU medical devices, the deal also places a clear spotlight on quality, compliance and long-term capability building.
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