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India, EU FTA: Duty cuts on textiles, footwear, cars, wines likely

India, EU FTA: Duty cuts on textiles, footwear, cars, wines likely

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

India, EU FTA: Duty cuts on textiles, footwear, cars, wines likely

India-EU FTA: Textiles, pharma, engg to get major boost

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