We should not rely on trade with any white countries.We should be very careful with FTA with EU. Even if you sign the pact there is no reason to believe EU will play by the rules. They are notorious when it comes to bureaucracy. For example, they will say EU countries can freely import Basmati rice into EU. However, they will put a condition that imported rice should not have too much of some chemical during testing.
Tough EU norms on India's basmati rice to shift trade to Pakistan
Two aromatic basmati rice varieties -- PB1 and 1401 -- are maximum exported to the EU. The shipments of these varieties with Tricyclazole MRL at 0.03 mg per kg were accepted so far from India.economictimes.indiatimes.com
We should not give into their other stupid demands which is basically interfering in our country. We should not become a dumping ground for EU products. Our FTA's with Korea and Japan have been a disaster. I hope we thread carefully with any kind of trade agreements with EU and US.
not only that their austria based production facility is hard to operate....many workers leave ktm already. if they want to cost effective production, they hv to sift this austria based manufacturing in india or china. workers salary is already higher in china than india. so its in their best interest to shift their manufacturing in india. even if they dont sell their shares to others.
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other european countries is nearing to britian level in economy. if they cant maintain their price or their debt keep increasing (which is already near 2+ billions dollar)...they hv to shift their manufacturing out of austria. their high CC bikes is costly, thats why near 200000 bikes not sale in europe. after trump, its not easy to sell these high CC bikes in america also. no other market will absorb high CC bikes of KTM. austria manufacturing plant only makes high CC (above 390 cc) ktm bikes.
