India EU free trade agreement aims to reduce or eliminate tariffs on a majority of goods traded between the two regions over a period of time. Industrial rubber products are widely used across European industries such as automotive, chemicals, pharmaceuticals, energy, and process engineering. Under the new trade deal, tariffs on industrial rubber products are expected to be reduced or entirely eliminated, which will lead to: lower anded cost and better price competitiveness, increased export demand & supply chain integration, strengthened position in mid value & technical components.