https://www.taxtmi.com/news?id=50273 The FTA would open non-sensitive central government procurement to foreign firms, representing a policy shift that risks removing a key industrial-policy tool for supporting local enterprises and MSMEs; it includes substantial tariff concessions on automobiles reducing import duties, accepts patent protections beyond WTO TRIPS affecting generic drug manufacturing and access, and lacks exemption from the Carbon Border Adjustment Mechanism, potentially imposing carbon-related costs on exports while granting duty-free access. en-us Wed, 23 Jul 2025 15:46:03 +0530 Wed, 23 Jul 2025 15:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50273 The FTA would open non-sensitive central government procurement to foreign firms, representing a policy shift that risks removing a key industrial-policy tool for supporting local enterprises and MSMEs; it includes substantial tariff concessions on automobiles reducing import duties, accepts patent protections beyond WTO TRIPS affecting generic drug manufacturing and access, and lacks exemption from the Carbon Border Adjustment Mechanism, potentially imposing carbon-related costs on exports while granting duty-free access. News - Wed, 23 Jul 2025 15:46:03 +0530 https://www.taxtmi.com/news?id=50273