EU-India Broad-based Trade and Investment Agreement (BTIA)


Ajit Kumar AJIT KUMARWISDOM IAS, New Delhi.

With its combination of rapid growth, complementary trade baskets and relatively high market protection, India is an obvious partner for a free trade agreement (FTA) for the EU. EU and India are committed to further increase their trade flows in both goods and services as well as bilateral investment and access to public procurement through the Bilateral Trade and Investment Agreement (BTIA) negotiations that were launched in 2007.

This would be one of the most significant trade agreements, touching the lives of 1.7 billion people. The parameters for an ambitious FTA were set out in the report of the EU-India High Level Trade Group in October 2006, which was tasked with assessing the viability of an FTA between the EU and India. Other studies have reinforced the economic potential of an FTA between the EU and India, notably a sustainability impact assessment was carried out by the EU. The EU and India remain committed to a successful conclusion of the negotiations


Monday, 19th Jun 2017, 05:32:49 AM

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