NewsClick | 20 April 2013
India-EU FTA: A lose-lose for India
Newsclick discusses with Biswajit Dhar, Director General of Research and Information System for Developing Countries, the India — EU Free Trade Agreement and its fall-outs.
Dhar says the agriculture sector is going to be particularly affected by the dumping of highly subsidised agricultural products from the EU. Several sections like the automobile industry and the milk co-operative, Amul, have expressed concerns over the FTA. The entire negotiating process has been non-transparent. Even the Parliament of our country has not been taken into confidence. Addressing concerns like the Current Account Deficit actually get defeated by agreements like these FTAs. Dhar feels such policies will make India more import-dependent.