Jack Chambers Highlights Huge Growth Prospects Under India-EU Trade Deal

New Delhi: Jack Chambers, Irish Minister for Public Expenditure, praised the Free Trade Agreement (FTA) between India and the European Union (EU), citing the “limitless level” of expansion in commercial potential between the two “big trading blocs.”

The Irish minister told on Monday that both parties in the pact will receive reciprocal trade gains.

He emphasised strong India-Ireland trade relations, stating that business between the two nations has risen by 90% in the last ten years.

According to Jack Chambers

According to Jack Chamber, “There are huge opportunities in the future, prior to the free trade agreement between the European Union and India.” Trade between Ireland and India has increased by 90% during the last decade. Trade between the European Union and India is expected to quadruple over the next seven years. So there are endless opportunities for growth between enterprises and between our two countries.”

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“I’m quite thrilled about the just agreed-upon free trade agreement, and it only bodes well for the future. We have strong people-to-people ties and very pro-enterprise policies in both of our countries, and I’m excited to see what comes of it. Part of my visit over the next few days will be to leverage that and show how both businesses in both countries can really drive opportunities to increase their market share,” he said.

Jack Chambers stated

Furthermore, Chambers stated that the FTA, in the midst of an uncertain global trade climate, will increase prospects for Indian and European citizens.

“It’s a very favourable free trade agreement. Ireland is an open, pro-enterprise economy that has grown and prospered through trade agreements and assuring efficiency in the global supply chain. There are enormous prospects in the Indian market of one and a half billion people, not only for the goods and services that you create, but also for the reciprocal benefits that European goods and services will bring into India.

So it’s good for business. We’ve had a lot of global uncertainty and instability in trade over the last 12 months, and seeing two major trading blocs agree on a deal to decrease tariffs just enhances opportunities for citizens in both blocs,” he added.

The India-EU Free Trade Agreement, signed in January 2026 after extensive negotiations, eliminates tariffs on more than 90% of goods exchanged between the two sides.

According to credit rating agency ICRA’s sectoral research, the deal gives India preferential zero-duty access to 97% of EU tariff lines, accounting for nearly 99.5 percent of Indian export value, while India will reduce or eliminate tariffs on 92% of its tariff lines for EU imports.

Agricultural and processed food exports, including as tea, coffee, spices, fruits, vegetables, and seafood, will be given preferential treatment in the EU market. Tariff reductions of up to 26% are expected to assist marine exports, boosting coastal jobs and export development.

Labour-intensive industries like leather, footwear, furniture, and rubber products are also predicted to grow. Simultaneously, sensitive industries like as dairy, cereals, and poultry have been secured to protect farmers and MSMEs.