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Avoid old wine in new bottle

Calls for self-reliance shouldn't come in the way of India's trade & investment negotiations with the EU

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5 min read Last Updated : Jul 23 2020 | 11:27 PM IST

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

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : FTA free trade agreement

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