- About bilaterals.org
- Feb-2016: New ISDS platform launched
- Sep-2004: Launch announcement
- Feb-2015: Relaunch of bilaterals.org
- Mar-2013: Relaunch of bilaterals.org
- Jun-2009: Relaunch of bilaterals.org
- Dec-2008: An update from bilaterals.org and logo design contest announcement
- Dec-2006: bilaterals.org in Spanish & French
- Sep-2006: Update from bilaterals.org
- How to participate
- Key issues
- Texts of agreements
Call for speedy signing of India-EU FTA
IANS | Thursday Jan 10, 2013
Call for speedy signing of India-EU FTA
New Delhi, Jan 10 — Leading industrialists and members of government gathered here in a move to speed up signing of the free trade agreement between India and European Union (EU).
The meet to launch the India chapter of the Indo-European Business Forum (IEBF), a non-profit organisation to promote business between India and the 27-nation EU, was held Wednesday and included Minister of State for Commerce D. Purandeswari.
"The EU-India free trade agreement would help in creating jobs and investment opportunities, and will improve the living standard of people in both the regions," said G.P. Hinduja, managing director of Hinduja Group, who is on the advisory board of IEBF Wednesday.
As India’s largest trading partner, bilateral trade with EU in 2011-2012 stood at nearly $110 billion, up from $90.62 billion in 2010-11.
However, the proposed FTA has hit major stumbling blocks like the EU’s demands for raising the cap on foreign investments in the insurance sector and for decreasing tariffs across the auto segment.
Recently, Heavy Industries Minister Praful Patel said his ministry is agreeable to cutting duty on luxury cars imported from Europe as part of the proposed FTA with the EU. However, commerce ministry sources say that EU wants India to decrease tariffs on the entire auto segment.
There are other issues, for example, India wants European Union to bring down its non-tariff barriers. India also wants it to be declared as a data secure country so as to facilitate entry of Indian IT companies in EU.
Speaking on the occasion, Purandeswari described India as a growing giant that could no longer be ignored or marginalised in the global scenario.
"With a population of 1.2 billion, the Indian economy has become the third largest in Asia in terms of purchasing power parity. It is slated to be the fifth largest consumer market in the world by 2025," Purandeswari said.
"Our business houses are going global, and many more Indian businesses are making themselves visible across the world," Purandeswari added.
Mohit Burman, managing director Dabur India said an FTA with the EU would boost trade and technology transfer.
"The agreement would have advantages like technology and knowledge transfer, infrastructure development, improvement in supply chains, increased competitiveness and skill transfer, which will strengthen the Indian and EU economies," said Burman.
News from the movements
24-Aug-2016 Deutsche WelleHundreds of thousands of protesters are expected to take to the streets in several German cities to rally against plans to move forward with two key international trade agreements - one year after a similar protest managed to attract similar numbers.
23-Aug-2016 APRNNeither the TPP nor the RCEP, neither the US nor China and their corporations will ever address the long-standing people’s aspiration for an international trading system that responds to their needs.
23-Aug-2016 ScoopCivil society groups, trade unions, church groups, environmentalists, gender activists and many more are calling for Ministers to make no decision on PACER-Plus — a free trade agreement between Australia, New Zealand and the Pacific Islands — until there has been a proper social impact assessment and mandate from the Pacific people who are most likely to be affected.
22-Aug-2016 Radio New ZealandA meeting on Pacific labour mobility under the PACER Plus trade deal has a glaring omission – the voices of organised labour.
Avec de nouveaux accords commerciaux, le vol organisé par les multinationales est légalisé et les semences paysannes deviennent illégalesDe nouveaux accords de libre-échange légalisent le vol organisé par les grandes entreprises et mettent en péril la possibilité pour les agriculteurs de conserver, produire et échanger des semences.
22-Aug-2016 El PaísEl secretario de Relaciones Internacionales del Pit-Cnt, Fernando Gambera, afirmó tras participar del XVI Foro Social Mundial realizado en Montreal (Canadá) que los Tratado de Libre Comercio (TLC) son una preocupación para todas las centrales sindicales porque "apuntan a degradar las conquistas de los trabajadores".
22-Aug-2016 Premium TimesSocial Action has asked the federal government to not to sign the Economic Partnership Agreement with the European Union. Ghana and Ivory Coast have also resisted the EPA
18-Aug-2016 ALAIEl poder corporativo transnacional tiende a fortalecerse por medio del impulso de diversos tratados o de inversiones, que se orientan a profundizar la desregulación de los grandes capitales, y que constituyen verdaderos candados jurídicos a políticas reformistas orientadas al bien común.
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Get involved.