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EU trade guilds call for EU-India FTA
EU trade guilds call for EU-India FTA
BRUSSELS, April 12 (Xinhua) — Fifteen European business organizations issued a joint statement Friday, calling for both the European Union (EU) and India to speed up free trade agreement (FTA) talks towards an ambitious trade agreement.
The statement was issued ahead of the EU-India Summit slated on Monday.
The statement called for a FTA that would include the elimination of tariffs, technical barriers, as well as the removal of all export restriction or duties on raw materials.
It also called for guarantees on market access for goods and services, investment protection, public procurement including removal of local contents requirements, a meaningful intellectual property chapter, competition and sustainable development.
"We strongly believe that in order to keep pace with the increasing importance of bilateral trade, the EU and India have to create an even more business-friendly environment by removing trade barriers and further opening up markets," said Philippe Vandendaele, Managing Director of Public Affairs of Foreign Trade Association, one key initiator of the statement.
The value of EU-India trade in goods and services grew from 28.6 billion euros (37.3 billion U.S. dollars) in 2003 to 98 billion euros in 2011. The EU investment in India also tripled during the same period from 759 million euros to 3 billion.
However, both sides witnessed some serious trade and regulatory barriers that hindered further growth of trade.
"Many studies show that the removal of those obstacles through a trade agreement would generate important gains for both parties." The statement said.
Upcoming days of action
Oct to Nov: autumn of action against CETA in Europe incl. Austria, Belgium, Bulgaria, France, Italy, Germany, Greece, Netherland, Slovenia, Spain... - details
27-28 Oct: mobilisation in Brussels against CETA - contact
03-05 Nov: mobilisation in Brussels against TTIP - contact
4 Nov: Continental day for democracy and against FTAs & neoliberalism in Latin America - contact
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News from the movements
27-Oct-2016 ITFGlobal trade union leaders meeting in Panama have united in condemnation of TiSA (the Trade in Services Agreement) and CETA (the Comprehensive Economic & Trade Agreement), highlighting the risks that both trade agreements pose to jobs and job security.
27-Oct-2016 PSIOn 12 October, the closing day of the Asia Pacific Regional Conference in Fukuoka, around 250 delegates representing more than 70 PSI affiliates from 18 countries resolved to intensify the struggle against the ambitious Regional Comprehensive Economic Partnership under negotiation among 16 countries in the region.
20-Oct-2016 El DiarioHoy es un día clave en la defensa de la democracia tal y como la hemos entendido hasta ahora.
20-Oct-2016 Bangkok PostAccess to affordable medicine and farmers’ control over seeds could be undermined by the Regional Comprehensive Economic Partnership being negotiated between Asean member countries and six other trade partners, says FTA Watch in Thailand
20-Oct-2016 CEOA close look at the controversial EU-Canada trade deal shows that concerns blocking its ratification are well-founded.
19-Oct-2016 Telesur“We don’t want what happened to us to happen to the people in Dakota,” Piaguaje told teleSUR.
18-Oct-2016 Peoples WorldIn protests billed as “anti-colonial” demonstrations, Peruvians hit the streets on 12 October against the Trans-Pacific Partnership and the Trade in Services Agreement
17-Oct-2016 No al TTIPEn el marco de una semana repleta de protestas para detener la aprobación del tratado de libre comercio entre la Unión Europea y Estados Unidos (TTIP) y la ratificación del CETA (el acuerdo de la Unión Europea con Canadá), la plataforma estatal ‘No al TTIP’ ha movilizado este sábado a miles de personas a lo largo de la geografía española y muy especialmente en la capital de España.
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