CTI WELCOMES INDIA-EU TRADE DEAL, SEES $50 BILLION EXPORT OPPORTUNITY

The Chamber of Trade and Industry (CTI) has welcomed and expressed happiness over the India-European Union Free Trade Agreement (FTA) between India and the European Union, calling it a timely and much-needed boost for Indian exporters.

- ARZU SETH

Prime Minister Narendra Modi, with European Commission President Ursula von der Leyen, chairs the India-EU Business Forum, in New Delhi on Tuesday. (DPR PMO/ANI Photo)

CTI Chairman Brijesh Goyal said the proposed agreement with the European Union would significantly benefit key Indian sectors, including textile, leather, footwear, gems and jewellery, chemicals, marine products, dairy products and agricultural goods.

India and the European Union (EU) on Tuesday announced the India-EU FTA that they have hailed as the “mother of all deals”. India and the European Union trade deal to remove tariffs on more than 90% of goods traded between the two.