EU Grants India 2.5 Lakh Car Quota at 8% Duty, Expands Steel Access
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AI-generated summary of the coverage listed below: The European Union has agreed to let 250,000 Indian-made passenger vehicles enter the EU each year under a new free trade agreement, with a duty of 8 percent. The quota will later increase to 400,000 vehicles. In addition, India will receive an extra 694,853 tons of steel under preferential terms, adding to its existing 946,616‑ton WTO quota. The deal aims to boost Indian exports and deepen trade ties between the two regions.
Covered by 4 outlets across the spectrum: 50% left, 25% center, 25% right.
Who is covering this story
- Left-leaning (1): The Hindu
- Center (1): Free Press Journal
- Right-leaning (1): Times Now
Sources
- India-EU FTA: EU To Allow 2.5 Lakh Indian Cars At 8% Duty, Quota To Rise To 4 Lakh — Free Press Journal (center)
- India gains wider EU steel access, but carbon levy remains — The Hindu (left-leaning)
- India gains wider EU steel access, but carbon levy remains — The Hindu (left-leaning)
- India-New Zealand FTA Likely To Come Into Force From October 19: Official — Times Now (right-leaning)