New Delhi, Jan 26 (IANS) Negotiations for the long-awaited India-European Union Free Trade Agreement (FTA) have been successfully concluded, and the deal will be officially announced on Tuesday, Commerce Secretary Rajesh Agrawal said on Monday. Describing the agreement as balanced and forward-looking, Agrawal noted that it would strengthen economic integration between India and the EU and significantly boost trade and investment flows.The FTA is expected to come into force sometime next year aft…
Latest BMW News & Updates
New Delhi, Jan 26 (IANS) India is preparing to sharply cut import duties on cars from the European Union as part of a long-pending free trade agreement, which could be announced as early as Tuesday, according to reports.Under the proposed deal, India plans to bring down peak import tariffs on EU-made cars to 40 per cent from the current levels of up to 110 per cent.This would be the biggest opening so far of India’s tightly protected automobile market.Initially, the lower duty will apply to a …