Europe Car Makers Criticize India Free-Trade Plan

Car makers in Europe have criticized a potential trade agreement between the European Union and India, which they say is unfairly tilted towards India, The Financial Times reports on its website Sunday.

According to Khabarkhodro,

 According to the report, the deal, as proposed, would allow cars built in India to have immediate duty-free access to the EU, while European-built cars imported to India would still face a tariff.

 Matthias Wissmann, the president of Germany's VDA car makers' association, said "The Indian side wants to keep a 30 per cent tariff on passenger cars and gives only vague promises that it will negotiate with the EU again in 2017," according to the FT.