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India said, no FDI in multibrand retail under trade pact

News:

  • The government has  informed the European Union that it will not allow European multibrand retail firms to set up shop here,due to political compulsions, although this is allowed under the foreign direct investment.
  • Even as both sides decided to resume negotiations towards concluding the Bilateral Trade and Investment Agreement (BTIA),or a free trade agreement (FTA) as it is better known, it has missed two deadlines since then.

Source:BS

 

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