India-EU FTA Gives Tata, Bajaj and JSW a Foot on Both Sides of the Tariff Wall
4 Articles
4 Articles
India-EU FTA gives Tata, Bajaj and JSW a foot on both sides of the tariff wall
India’s proposed free trade agreement with the European Union is set to open the country’s automobile market in phases, but the bigger story may be the strategic flexibility it creates for Indian auto makers.
India-EU FTA to allow import of 1 lakh cars at lower tariffs in first year
The India-EU Free Trade Agreement (FTA), once signed and implemented, will allow European carmakers to import 1 lakh completely built-up (CBU) internal-combustion engine (ICE) and non-plug-in hybrid cars into India at concessional import duties in the first year, according to the tariff schedule under the deal. The quota will gradually rise to 1.6 lakh vehicles [...]
Why the India-EU Trade Pact Is Building a New Supply Chain Beyond China
The proposed deal would give India access to more than 99 per cent of EU markets by export value. The EU expects tariff cuts to save European exporters around €4 billion a year. India and Europe are both looking to diversify supply chains amid heavy dependence on China.The India-EU free trade agreement has moved one step closer to becoming reality, with the European Commission forwarding its proposal to the European Council for approval.On the s…
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