FTA would allow European carmakers to export their surplus to India: SIAM

Free-trade agreement (FTA) would allow European carmakers to export their surplus to India: Indian automakers fear that a proposed FTA between the European Union and India could end up benefiting European carmakers at their expense, Society of Indian Automobile Manufacturers (SIAM) via its president Mr. S. Sandilya stated: “We are of the opinion that a free-trade agreement with EU would allow a one-sided advantage and allow the European auto industry to export their overcapacity to India”. Read More