Indian industry will welcome resumption of India-EU FTA talks: CII
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Last Updated: May 08, 2021, 05:09 PM IST
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Synopsis
The proposed Broad-based Trade and Investment Agreement (BTIA) between the two sides has been stalled since May 2013 as both sides are yet to iron out differences over several issues.
Reuters
BTIA is a kind of comprehensive free trade agreement being negotiated by the two sides.
Implementation of the proposed free-trade agreement between India and the European Union (EU) will benefit both the sides and the domestic businesses will welcome the resumption of formal negotiations on the long-stalled pact, industry body CII said on Saturday.
2021-04-18 16:05:55 GMT2021-04-19 00:05:55(Beijing Time) Xinhua English
LISBON, April 18 (Xinhua) The Business Confederation of Portugal (CIP) said on Sunday that the volume of moratorium by Portuguese private companies has reached almost 30 billion euros (36 billion U.S. dollars), due to the economic crisis caused by the COVID-19 pandemic.
About 25 percent to 30 percent of that amount is at risk of not being paid back to banks, CIP President Antonio Saraiva told Radio Antena 1.
The business leader called on the government to help those companies that clearly will not be able to honor this commitment until Sept. 23, the deadline for resuming loan payments.
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