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The Economic Times
The Economic Times

India gets 6.94 lakh tonnes of steel quota annually for exports under India-EU free trade pact

European Union India the European Union FTA MFN

New Delhi: India will get country-specific tariff-rate quotas (TRQs) totalling 1.64 million tonnes annually for exporting steel products to the European Union, of which 6,94,853 tonnes will be under the free trade agreement, according to the draft text of the pact released by the EU.

The total country-specific quota of 16,41,470 tonnes comprises 9,46,616 tonnes under the MFN (most favoured nation) component and 6,94,853 tonnes under the FTA component.

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