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    India - EU Free Trade Agreement

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    Jay Kothari
    The document discusses the India-EU Free Trade Agreement. It provides a brief history of diplomatic and economic relations between India and the EU since 1962. 15 rounds of negotiations for an FTA took place between 2007-2013. COVID-19 has created new political and economic benefits and urgency for both sides to finalize an agreement. An FTA could boost manufacturing in India and help EU economies recover from the pandemic. However, differences remain that must be resolved.

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    India - EU Free Trade Agreement

    Uploaded by

    Jay Kothari
    62 views3 pages
    The document discusses the India-EU Free Trade Agreement. It provides a brief history of diplomatic and economic relations between India and the EU since 1962. 15 rounds of negotiations for an FTA took place between 2007-2013. COVID-19 has created new political and economic benefits and urgency for both sides to finalize an agreement. An FTA could boost manufacturing in India and help EU economies recover from the pandemic. However, differences remain that must be resolved.

    Original Description:

    The development of the India - EU FTA and the impact of COVID-19 Pandemic on the FTA

    Original Title

    India – EU Free Trade Agreement

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    The document discusses the India-EU Free Trade Agreement. It provides a brief history of diplomatic and economic relations between India and the EU since 1962. 15 rounds of negotiations for an FTA took place between 2007-2013. COVID-19 has created new political and economic benefits and urgency for both sides to finalize an agreement. An FTA could boost manufacturing in India and help EU economies recover from the pandemic. However, differences remain that must be resolved.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    62 views3 pages

    India - EU Free Trade Agreement

    Uploaded by

    Jay Kothari
    The document discusses the India-EU Free Trade Agreement. It provides a brief history of diplomatic and economic relations between India and the EU since 1962. 15 rounds of negotiations for an FTA took place between 2007-2013. COVID-19 has created new political and economic benefits and urgency for both sides to finalize an agreement. An FTA could boost manufacturing in India and help EU economies recover from the pandemic. However, differences remain that must be resolved.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 3

    India – EU

    Free Trade
    Agreement
    Group 2 – Anupam Verma, Jay
    Kothari, Rohit Dubey, Vaibhav
    Pareek, Vishal Shri Vastava

    The World Trade Organization defines a Free Trade Agreement as an agreement between countries that removes tariffs and
    other restrictions on substantially all goods traded between them.
    THE STORY SO FAR
    15thth India – EU
    India – EU Partnership 15thth and final
    Lisbon Summit in Summit – 15thth
    Diplomatic Development, round of
    June, 2000. Joint July, 2020 and the
    Relations since 1994 and India- negotiations – 25thth
    Action Plan, 2005. impact of COVID
    EU Hague to 29thth November,
    1962. Summit, 2004
    Reviewed in 2008.
    2013 – New Delhi
    – 19 Pandemic on
    the FTA

    Report of the EU- June 2007 –


    Commercial Economic
    India High Level Dialogues for a
    Cooperation Cooperation
    Trade Group – bilateral FTA were
    Agreement, 1973 Agreement, 1981
    October, 2006 initiated

    Jay Kothari
    COVID-19 AND INDIA - EU
    FREE TRADE AGREEMENT
    • Political Benefits: India – Impetus to Make in India; EU – Chinese Opposition and FTA with 2nd Developing Country, after Vietnam.
    • Economic Benefits: India – Technology Transfer and FDI; EU – Large Market potential to be tapped.
    Benefits

    • Following the pandemic, many nations in the EU will be grappling with stressed economies. The FTA might give these nations a foreign market to
    exploit and in turn stabilise their own economy.
    • Failure of the FTA again would mean production of EU based companies shifting to Vietnam from China. This would badly hurt the Indian dream of
    Timing becoming a manufacturing hub. The success of the FTA on the other hand would make India a stronger economy than ever.

    • The FTA would lead to the emergence of a global value chain, where production is split across countries working for the advantage of each nation’s
    higher comparative capability
    • India and the European Union have differences that they must iron out to proceed with their mutual efforts to evolve the trade ties. 
    Conclusion

    Jay Kothari

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