 "trade fta")
The United Kingdom’s (UK’s) demand for greater access to the Indian market for electric vehicles (EVs) remains a sticking-point as the two countries try to iron out rough edges in the proposed free-trade agreement (FTA), which has entered the last lap.
The UK government has asked India to allow exporting a limited number of fully assembled EVs to India with no customs duty. It has also requested India to lower the 100 per cent duty on electric vehicles with a price tag exceeding $40,000.
“The requested reduction exceeds 10 per cent, and the demand is to further decrease it gradually,”
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