India-EU FTA: EU To Allow 2.5 Lakh Indian Cars At 8% Duty, Quota To Rise To 4 Lakh
The European Union will provide India with concessional access for passenger vehicles under the proposed India-EU free trade agreement, according to the draft text released by the bloc. The arrangement will initially allow 2.5 lakh Indian-made cars to enter the EU market each year at an 8% duty. The concession applies to Indian-origin internal combustion engine (ICE) and hybrid electric vehicles…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
