New Delhi, March 2 (IANS) The recently concluded free trade agreement between India and the European Union is creating concern in Pakistan, where industry leaders fear it could hurt the country’s textile sector and threaten millions of jobs, a report has said.The India-EU Free Trade Agreement was announced on January 27 after negotiations concluded between New Delhi and the European Union.The deal is now under legal review before it is formally signed and is expected to come into effect next y…
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New Delhi, Feb 7 (IANS) The India-EU Free Trade Agreement (FTA) eliminates duties and places Indian shipments on a level-playing field with key competitors such as Bangladesh and Vietnam, among other preferential trade partners, according to a new report.The agreement is expected to bring down EU import duties on Indian textiles to zero, addressing a longstanding tariff disadvantage that had limited India’s competitiveness in the region. The ICRA report notes that preferential access and lower…
New Delhi, Jan 27 (IANS) Prime Minister Narendra Modi is set to host the 16th European Union-India Summit in the national capital on Tuesday with President of the European Commission, Ursula von der Leyen, and visiting President of the European Council, Antonio Costa, to announce the ‘mother of all trade deals’.According to Commerce Secretary Rajesh Agrawal, India and the EU have concluded negotiations on the much-awaited Free Trade Agreement (FTA) and the announcement of the conclusion of t…