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    The Negotiation Process Of India And EU Free Trade Agreement Is Blocked.

    2011/8/23 18:41:00 40

    India EU Trade Agreement Negotiations

    India times news, India and the European Union

    Free trade agreement

    Negotiations have come down on issues such as reducing import tariffs on cars, red wine and spirits.

    obstacle

    India insists that it can not reduce the above commodities.

    tariff

    Behind these goods are powerful domestic lobby groups.


    A India government official said that India would not compromise on these commodities, and that India's free trade agreements (FTA) with other countries did not contain these two areas.

    Japan, South Korea and other countries that have signed FTA with India have not received tariff reductions and exemptions for related products, so they are highly concerned about India and EU's FTA negotiations.

    Japan has written to the government of India that if Japan wants to give tariff reductions to EU cars and other products, Japan must enjoy the same benefits.

    treatment


    India and the EU have negotiated for more than 4 years on comprehensive trade and investment agreements, including products and services, and hoped to reach an agreement in 5-6 this year.

    In addition to the car problem, India government officials denied that

    intellectual property right

    Concessions were made in the fields of environment and labour.


    In the automobile development plan 5 years ago, the India government promised to import protection to 77 categories of products belonging to the automotive industry.

    The 55 page government 2006-16 planning document says it is necessary to exclude the 77 products from the FTA negotiations, including negotiations with Thailand, ASEAN, the European Union, South Korea and Japan.

    In order to avoid conflict with this document, an alternative is to provide tariff relief for automobile products after 2016, but even this requires the highest level of government.

    In addition, as India regards the products such as red wine and spirits as evil goods, tariff reductions and exemptions for such commodities are also greatly resisted.


     

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