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The implementation of the proposed free-trade agreement between India and the European Union (EU) will benefit both the sides and domestic businesses will welcome the resumption of formal negotiations on the long-stalled pact, industry body CII said on Saturday.
The proposed Broad-based Trade and Investment Agreement (BTIA) has been stalled since May 2013 as both sides are yet to iron out differences over several issues. The BTIA is a kind of comprehensive free trade agreement being negotiated by the two sides.
However, analysts said it would be interesting to see the tariff levels which could be considered, the stand on automobiles, spirits, data protection and a liberal visa regime.
Indian industry will welcome resumption of India-EU FTA talks: CII
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Last Updated: May 08, 2021, 05:09 PM IST
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The proposed Broad-based Trade and Investment Agreement (BTIA) between the two sides has been stalled since May 2013 as both sides are yet to iron out differences over several issues.
Reuters
BTIA is a kind of comprehensive free trade agreement being negotiated by the two sides.
Implementation of the proposed free-trade agreement between India and the European Union (EU) will benefit both the sides and the domestic businesses will welcome the resumption of formal negotiations on the long-stalled pact, industry body CII said on Saturday.