1636 GMT - The European Union's planned trade deal with India could be a particular boon for Germany, France and Italy, HSBC says in a note, as they are the EU countries that export the most to India in absolute terms. "As a [bloc], the EU is India's largest trading partner." The deal will see tariffs on EU automobiles lowered significantly from 110% to as low as 10%, while tariffs on EU wine and spirits will also be slashed. "From the EU's point of view, the deal also represents an opportunity to improve its access to a large market (1.4 billion people) that is still relatively closed," the note says. Gains are possible for India's exports across sectors such as machinery, jewelry, electronics, pharmaceutical components and textiles, HSBC adds. (edith.hancock@wsj.com)
(END) Dow Jones Newswires
January 27, 2026 11:36 ET (16:36 GMT)
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