During the 15th India-EU Summit held recently, both sides reaffirmed their commitment to work towards a mutually beneficial trade and investment agreement. India and the EU have a beleaguered history of bilateral FTA negotiations. The EU-India broad-based Bilateral Trade and Investment Agreement (BTIA) negotiations covering trade in goods, trade in services, and investment, among others, commenced in 2007 but have been stalled since 2013.
The negotiations were beset by many thorny issues. While the granting of data adequacy status by the EU was the main stumbling block from India’s services trade perspective, inadequate market access for automobiles and wine and
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