web statistics

Posted: Tuesday, 27 March 2018 18:10

If you Like this article, please click

Indo-EU FTA Talks may start after Decade of non-conclusive Efforts

March 27: In what appears to have become a routine announcement almost every quarter, Indian commerce and industry minister Suresh ‘Prabhu on Monday hinted once again at an early resumption of negotiations over the long-stalled free trade agreement (FTA) between India and the European Union

Our commerce and industry minister, Suresh ‘Prabhu hinted yesterday again at an early resumption of negotiations over the long-stalled free trade agreement (FTA) between India and the European Union, according to an optimistic report in Financial Express.

“We have started working on the India-EU FTA again. We have invited them and are looking at it the minister said. Access to the EU market is crucial for a number of Indian sectors, especially textiles and garments and IT. (Also for import of wines from Europe-editor)

India is also a lucrative market for the European auto and pharmaceutical companies. At $43 billion, the EU (before Brexit) made up for 17.6% of India’s goods exports in the first 10 months of the current fiscal, while imports from the European bloc stood at over $39 billion. Garments were India’s biggest exports segment, followed by engineering goods and gems & jewellery. Similarly, the country imports capital goods and gems and precious stones worth billions of dollars from the EU.

As many as 16 rounds of negotiations took place between the two sides for the proposed FTA — officially dubbed as Bilateral Trade and Investment Agreement (BTIA), from 2007 to 2013 before formal talks broke down. Thanks to the impending elections, the talks between UPA government and EU broke down a year before the elections just as they were nearing a decisive phase, as was predicted by delWine a year prior.

Senior Indian and EU officials had met late last year to explore a way forward for the long-pending negotiations. Inflexibilities from both the sides and Brexit delayed resumption of formal negotiations. Differences have persisted on the broad contours of the proposed FTA, including EU’s insistence that India cut import duties on auto parts and wine and strengthen intellectual property rights regime and the Indian demand for more liberalisation in services and greater flexibility on data privacy.

India also feels the flexibility shown by it in further opening up to foreign investments in more than a dozen sectors should be considered positively by the EU. The matter is crucial as it will have a bearing on Indian IT companies wanting market access. On India’s strategy in view of rising trade protectionism, Prabhu has made veiled reference and hinted about new alliances, saying, “we have decided that we will be a country which will engage with all of our traditional friends, and at the same time, start making new friends”

For some of the earlier Articles in delWine, please visit:

EU-India FTA: And the Beat Goes On

EU-India FTA Talks Take Off in First Gear

Decision on restart of India-EU negotiations soon

Blog: European Union Beware

Blog: Treaty with EU likely to go on the Back Burner

EU-India FTA may soon be on Back Burner

Fine Wines from EU may get Cheaper Next Year

Subhash Arora



If you Like this article please click on the Like button   


Want to Comment ?
Please enter your comments in the space provided below. If there is a problem, please write directly to arora@delwine.com. Thank you.

Generate a new image

Type letters from the image:

Please note that it may take some time to get your comment published...Editor


Skip Navigation Links
Indian Wine Day
From Archives
Wine Retail
Wine Tourism
Wine India Moves
Book Review
Wine Events
Photo Gallery
Readers' Comments
Video Wall
Media Partners
Ask Wineguyindia
Wine & Food
Wine Guru
Gerry Dawes
Harvest Reports
Mumbai Reports
India Wine Awards 2019 Results
Upcoming Events
  Upcoming Events    
On Facebook On Twitter   Youtube RSS


Private consultancy devoted to promotion of wine culture in India through various programmes including wine appreciation evenings, short term courses, wine trade shows, organising visits of foreign wine producers, helping in location of distributors, offering information on the market and the importers and Indian producers. Publishers of delWine -


Our Location

Contact Us

Correspondence Address
247, First Floor Sant Nagar,
East of Kailash,
New Delhi -110065
Phone- +91-11- 41622892