India is preparing to significantly open its tightly protected automobile market by sharply cutting import duties on cars from the European Union, according to sources familiar with the negotiations. Under a proposed India–EU free trade agreement, import tariffs on select European cars could be reduced to 40% from the current…
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Piyush Goyal’s Brussels Visit Boosts India-EU FTA Talks
Union Minister of Commerce and Industry Shri Piyush Goyal’s recent visit to Brussels has given fresh momentum to the long-pending India-European Union Free Trade Agreement (FTA), with both sides reaffirming strong political commitment to conclude a modern and mutually beneficial deal. The two-day visit, held on January 8 and 9,…
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India-EU FTA Talks Progress, Goyal Optimistic
New Delhi: India and the European Union are pushing forward with negotiations to finalise a long-awaited Free Trade Agreement (FTA), which Union Minister of Commerce and Industry Piyush Goyal described as fair, balanced, and full of opportunity. Addressing the 65th Annual Session of the Automotive Component Manufacturers Association (ACMA), Goyal…