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Eu India Free Trade Agreement Negotiations

[9] Khorana and Perdikis, “Deal or No Deal”; Khorana and Garcia, “One Step Forward, One Back?” Khorana et al., The Era of Bilateral Agreements; Khorana et al., “Global economies of scale”; Mishra: “India cancels EU trade talks on ban on pharmaceuticals”; Jan Wouters, Idesbald Goddeeris, Bregt Natens and Filip Ciortuz, “Some Critical Issues in the EU-India Free Trade Agreement Negotiations,” European Law Journal, 20 (6): 848-69, 2013, available at papers.ssrn.com/sol3/papers.cfm?abstract_id=2249788.↩ A European trade official acknowledged that there was “no timetable yet” for the BTIA talks and that negotiators were still “quite far apart” because of what Europe considers a “protector”. The fourth EU Implementation Report (other languages), published in November 2020 and preceded by the preface by DG Commerce Director-General Sabine Weyand (other languages), provides an overview of the results achieved in 2019 and the remarkable work for the EU`s 36 main preferential trade agreements. The accompanying staff working document provides detailed information in accordance with the trade agreement and trading partners. No more concrete roadmap has been announced for the upcoming trade and investment negotiations. [5] Trade Agreement, Indian Government, Ministry of Trade and Industry, Ministry of Trade, 2012, available at commerce.nic.in/trade/international_ta.asp?id=2&trade=i.↩ In order to conclude the free trade agreement in a difficult economic climate despite the differences between the EU and India`s negotiating plans, both partners must show the same determination as others in negotiating mega-regional agreements. The challenges and constraints are not insurmountable. Given the reluctance of both parties to accept the other`s demands, they should first begin negotiations on less difficult areas. This will show a willingness to return to the negotiating table and send a clear signal that both sides want to continue talking. It is important for India to overcome its siege mentality, commit to institutional reforms and face special domestic policy interests. There will be a long way to go to reach an agreement that will bring mutual benefits to the EU and India, but despite some missed delays, it is not unattainable.

“India and the EU have been in talks for some time on this broad trade and investment agreement,” he said. “But since 2013, these negotiations have not really taken place. Following an online summit between the European Union and India, the two powers announced the opening of a “high-level dialogue” on investment and trade. The details of a possible free trade pact remain uncertain. India is one of the world`s fastest growing major economies and an important player in global economic governance. India is an important trade and investment partner for the EU. It is an important and dynamic market, with an annual GDP growth rate of around 6% (before Covid-19). For more information on the EU-India strategic partnership, including trade and investment, see the EU`s new india strategy, adopted on 20 November 2018, as well as the Council`s conclusions.