Sounds great, hopefully this can spur a lot of investment
Tbh though shrimp are probably the only thing I’m not a free trader about. Filter feeders in general are awful and shouldn’t be eaten, but if they are eat right from the source nearby
Any news on services?
[deleted] on
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WhisperBreezzze on
99.6% electronics trade.
diversification done right.
Connect_Visit5516 on
I think this is from indian POV only. We need EU pov as well
Seems like india was preparing for this deal by removing nearly all the unnecessary QCOs on labor intensive sectors.
Also with this deal, india has fta with nearly every European country bloc. EU, EFTA and UK. EFTA is ratified, hope UK and EU FTAs are ratified by the end of this year.
BENEFITS FOR EU EXPORTERS:
– Indian tariffs on 30% of goods traded with EU to fall to zero immediately
Tariffs will be eliminated or reduced on over 90% of EU exports
– EU firms to save up to 4 billion euros ($4.74 billion) a year in duties
– Improved access for EU firms in financial and maritime services
– Simplified customs rules and stronger intellectual property protection
– India’s duties on vehicles imported from EU to fall from 110% to 10% over five years, under a 250,000-vehicle annual quota, likely benefiting Volkswagen (VOWG.DE), opens new tab, BMW (BMWG.DE), opens new tab, Mercedes-Benz (MBGn.DE), opens new tab and Renault (RENA.PA), opens new tab.
India completely scraps tariffs on most industrial imports from EU, including machinery and electrical equipment (currently at 44%), chemicals (up to 22%) and pharmaceuticals (11%)
India , EU FTA “will cut or eliminate tariffs” on almost 97 percent of European exports, says EU as quoted in news agency AFP
4 Comments
Sounds great, hopefully this can spur a lot of investment
Tbh though shrimp are probably the only thing I’m not a free trader about. Filter feeders in general are awful and shouldn’t be eaten, but if they are eat right from the source nearby
Any news on services?
[removed]
99.6% electronics trade.
diversification done right.
I think this is from indian POV only. We need EU pov as well
Seems like india was preparing for this deal by removing nearly all the unnecessary QCOs on labor intensive sectors.
Also with this deal, india has fta with nearly every European country bloc. EU, EFTA and UK. EFTA is ratified, hope UK and EU FTAs are ratified by the end of this year.
BENEFITS FOR EU EXPORTERS:
– Indian tariffs on 30% of goods traded with EU to fall to zero immediately
Tariffs will be eliminated or reduced on over 90% of EU exports
– EU firms to save up to 4 billion euros ($4.74 billion) a year in duties
– Improved access for EU firms in financial and maritime services
– Simplified customs rules and stronger intellectual property protection
– India’s duties on vehicles imported from EU to fall from 110% to 10% over five years, under a 250,000-vehicle annual quota, likely benefiting Volkswagen (VOWG.DE), opens new tab, BMW (BMWG.DE), opens new tab, Mercedes-Benz (MBGn.DE), opens new tab and Renault (RENA.PA), opens new tab.
India completely scraps tariffs on most industrial imports from EU, including machinery and electrical equipment (currently at 44%), chemicals (up to 22%) and pharmaceuticals (11%)
India , EU FTA “will cut or eliminate tariffs” on almost 97 percent of European exports, says EU as quoted in news agency AFP