India does not rush into FTAs anymore, says Piyush Goyal
The government follows a careful and calibrated approach when negotiating for FTAs to ensure that the trade deal is
Stay updated with breaking news from Uk Fta. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The government follows a careful and calibrated approach when negotiating for FTAs to ensure that the trade deal is
Outstanding issues include UK's reluctance over India's stand that British automakers have to increase utilisation of local components in their vehicles to 45% to get concessions from New Delhi
The absence of any agreement on the carbon border adjustment mechanism (CBAM) casts a cloud over Indian steel exports to the region.
The expo could also see the return of EV maker Great Wall Motors to India, while American car manufacturer Ford, a company that had paused its sales and business about two years ago, is also likely to announce a comeback at the mega exhibition next month.
India UK FTA: India's Commerce Secretary, Sunil Barthwal, has said that countries negotiating free trade agreements (FTAs) with India are looking to gain a greater share in the country's rapidly growing automobile sector. The industry has strengthened in various areas, including auto-grade steel, components, and tires, and is now shifting from conventional internal combustion engines to electric vehicle (EV) battery-based systems.