The European Union and India launched negotiations on a bilateral free trade and investment agreement in June 2007. However, between the governments, a number of controversies have been plaguing the talks. Delhi wants Brussels to relax its stringent food safety criteria which penalise Indian farm and fishery exports and to make it easier for Indian professionals to work in the EU. Europe is primarily out to win major openings of India’s services sector and broad liberalisation of foreign investment, while India does not want to discuss allowing European firms to compete in India’s government procurement market.
Indian social movements, including fisherfolk and labour unions, people living with HIV/AIDS and other health activists have been mobilizing against the FTA. International actions and campaigns have particularly targeted the proposed intellectual property provisions of the agreement, and the impact of the FTA on access to medicines.
last update: May 2012
India’s Commerce and Industry Minister Suresh Prabhu today indicated the resumption of negotiations of the long-stalled free trade pact between India and the European Union.
India and the European Union will discuss next month resumption of the much-delayed Bilateral Trade and Investment Agreement (BTIA) that hasn’t progressed much over the past five years.
India, EU negotiators met informally for one round of talks on the free trade agreement in November and expert-level contacts were on, EU’s ambassador to India Tomasz Kozlowski said.
Launched in June 2007, the negotiations for the proposed BTIA have witnessed many hurdles with both sides having major differences on key issues like IPR, duty cut in automobile and spirits, and liberal visa regime.
India, EU chief trade negotiators will meet next week in New Delhi to hammer out a way forward for the long-pending free trade agreement negotiations between the two sides.
EU official says goal is to have a ’broad, deep, comprehensive and ambitious’ FTA.
Chief negotiators for the proposed India-EU free trade agreement will meet in New Delhi to discuss the way forward for the resumption of the long-stalled talks over it.
India and the European Union (EU) are set to begin talks soon on re-starting stalled negotiations for a free trade pact but New Delhi will not favour pre-conditions, such as prioritising an investment agreement that the 29-member bloc had earlier insisted upon.
India and the European Union failed to fix a date to re-launch negotiations on the proposed bilateral Free Trade Agreement, or a timeline to successfully conclude the talks that “were temporarily put on hold in summer 2013.”
The 14th India-EU Summit aims to deepen the India-EU Strategic Partnership and advance collaboration in priority areas, a Ministry of External Affairs statement said.