India will receive country-specific tariff-rate quotas for steel exports to the European Union. These quotas total 1.64 million tonnes annually, covering various steel product categories. The European Union formally submitted its proposal to sign the free trade agreement soon. This agreement is expected to come into force in the first quarter of next year. Steel imports from India outside these quotas will face applicable base-rate duties.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.