- 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.
1 Oct: Public debate on FTAs in Casablanca (Morocco) - contact
8 Oct: mobilisation in Luxembourg against CETA - contact
8-15 oct: October of resistance against TTIP and CETA in Spain - contact
15 Oct: mobilisation in Paris against CETA - contact
10-15 Oct: regional week of action against RCEP in Asia-Pacific
27-28 Oct: mobilisation in Brussels against CETA - contact
Any edits, please contact us
News from the movements
26-Sep-2016 No al TTIP
Aprobada en Les Corts Valencianes una iniciativa para instar al Gobierno central a no autorizar la firma del Acuerdo Económico y Comercial Global (CETA)Un total de 32 ayuntamientos valencianos, que aglutinan a más de un millón de personas, han rechazado este acuerdo.
23-Sep-2016 La DiariaSuplemento especial elaborado por La Diaria, Uruguay, dedicado a los Tratados de Libre Comercio.
23-Sep-2016 TeleSurDozens of Indigenous people in Peru have been absolved of accusations that they were responsible for a massacre seven years ago that killed at least 32 people, due to intense conflict triggered by the country’s free trade agreements.
22-Sep-2016 CADTMIl est urgent de lever le silence qui entoure cette question dans notre pays et de présenter des éléments de réflexion critique et de débat sur ce sujet
21-Sep-2016 El EconomistaMiles de personas se manifestaron hoy (20-9) en el barrio europeo de Bruselas contra el TTIP y el pacto comercial ya cerrado con Canadá (conocido por CETA), aún pendiente de ratificación.
21-Sep-2016 EurActivThousands of protesters marched through Brussels to demand the European Union abandon planned transatlantic free trade deals.
21-Sep-2016 Le MondePlusieurs milliers de personnes manifestaient à Bruxelles pour dénoncer le traité de libre-échange transatlantique que l’UE négocie avec les Etats-Unis (TTIP) et son équivalent avec le Canada (CETA).
19-Sep-2016 La VanguardiaLas protestas estuvieron marcadas por el ambiente festivo y por la demanda de un “comercio mundial justo”
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.