New Delhi, March 17 -- Economic think tank Global Trade Research Initiative (GTRI) has called upon India to pursue reciprocity and improve market access for its medical devices sector during negotiations with the European Union (EU) on the proposed free trade agreement (FTA).

GTRI founder Ajay Srivastava highlighted a significant imbalance in the current negotiations, noting that while the EU demands zero tariffs on medical devices from India, it maintains substantial regulatory barriers that effectively limit Indian exports to EU markets.

The situation presents a complex challenge for India, which currently applies modest tariffs ranging from zero to 10 percent on most medical devices.

According to GTRI, reducing these tariffs without...