As per the India-EU free trade agreement, the 50,000-tonne cap will be increased to one lakh tonnes over 10 years. Photograph: Sharafat Ali /Reuters Key Points India’s import duty on apples is 50 per cent India’s apple imports were about
India and the European Union (EU) on Tuesday announced the conclusion and finalisation of negotiations for the proposed free trade agreement (FTA). This will be the 19th trade deal for India. The FTA will help boost the country’s exports to
The EU’s tariffs on Indian goods are about 3.8 per cent, but labour-intensive sectors attract about 10 per cent import duty. Photograph: Yves Herman/Reuters Key Points The talks started in 2007 India has pushed for zero-duty access for its labour-intensive
In such pacts, two sides reduce or eliminate import duties on over 90 per cent of goods traded between them. IMAGE: External Affairs Minister S Jaishankar meets European Commissioner for Trade and Economic Security Maroš Šefčovič in Brussels, June 11,
GSP concessions allowed Indian exporters to ship at less than MFN (most favoured nation) tariffs to EU markets. Now, concessions are suspended for 87 per cent value of Indian goods to the EU. Photograph: Amit Dave/Reuters Key Points Only about
Textiles, pharmaceuticals, chemicals, engineering goods, gems and jewellery exports will receive a boost from the free trade agreement between India and the 27-nation European Union, according to exporters. Photograph: Yves Herman/Reuters The conclusion of negotiations for the agreement is likely
