The Federation of Indian Chambers of Commerce and Industry (FICCI) has called for restarting negotiations for India’s Free Trade Agreements with United Kingdom (UK) and European Union (EU).
According to, FICCI Secretary General A Didar Singh said, India-EU FTA has been on the anvil for 10 years. Mr Singh said, the call came from a FICCI survey of the 800 Indian companies based in UK, which reported a sudden 15 % decline in return on investments as the pound sterling fell 15 % following Brexit vote last month. Responding to the survey, the companies said they see a decline in profitability over the next three to five years, especially following the split decision which will impact their European business done through UK-based offices.
So let’s do:
1. Name the Organisation, which has called for restarting negotiations for India’s Free Trade Agreements with UK and EU?
Source – The Hindu