#tradepact

The India EU trade deal car tariffs framework marks a major shift in India’s long-standing protectionist stance toward imported automobiles. Under the newly finalised trade agreement between India and the European Union, New Delhi will immediately slash import duties on high-end European cars to as low as 30%, down from levels that previously reached 110%. The move is expected to unlock India’s tightly controlled luxury car market and redefine trade relations between the two economic blocs.

Also Read :- https://businessmindsmedia.in/india-eu-trade-deal/