New Delhi, April 17 -- India and the European Union (EU) have stepped on the accelerator to conclude their long-delayed free trade agreement (FTA), at a time US tariff actions have threatened global trade.
In the latest round of talks between the two sides in Brussels on 10-14 March, a move to reduce duties on textile exports from India and premium alcoholic beverages from the EU has emerged as a key negotiation manoeuvre, three people aware of the matter said on the condition of anonymity.
Currently, India imposes up to 150% duty on alcoholic beverages from the EU, while the 27-country EU levies a duty of up to 14% on Indian textile goods. Comparatively, India's textile rival Bangladesh has free access to the European market, with zero i...