What are the key features of the European Union-India Free Trade Agreement proposal

Discuss the importance of concluding the EU-India FTA in countering protectionism and transactionalism.
  • Proposed elimination of tariffs on a wide range of products to boost trade
  • Inclusion of services, investment, and intellectual property rights to enhance economic cooperation
  • Focus on regulatory cooperation and standards alignment to facilitate trade
  • Importance in countering protectionism by promoting open, rules-based trade
  • Enhancement of market access for businesses in both the EU and India
  • Strengthening bilateral ties and promoting sustainable development through increased trade and investment
  • Concluding the FTA can send a signal against rising protectionism and transactionalism in global trade, promoting a more cooperative and inclusive approach
Completing the EU-India FTA would demonstrate a commitment to upholding a rules-based international trading system and fostering economic growth through increased market access and cooperation. It can serve as a crucial tool in countering protectionist tendencies and promoting a more stable and predictable trade environment.
Answered 4 months ago
Mohit Preparing for Civil Services