EU FTA hurdle

The EU has included many chemicals, petrochemicals and plastics in the negative list that is part of the FTA discussions. Products on the list would not get any duty concessions.

The move is a major obstacle for Indian companies eyeing the European market for future growth.

But it is early days yet as discussions on the FTA are in the initial stages. The industry still has the chance to lobby against the inclusion of chemicals on the negative list.

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