INDIA-EU FREE TRADE AGREEMENT Since 2007 India and the European Union have been engaged in negotiations on Free Trade Agreement (FTA). The agreement is being termed as one that would improve market access for goods and services, substantially increasing the bilateral trade between the two entities. As per the statement of the European parliament the bilateral trade is expected to exceed €70.7 billion by 2010 and €160.6 billion by 2015. The FTA would increase EU exports to India by $17-18 billion while India’s export would increase by around $5 billion.
The FTA after it comes into effect would be substantially different from the other FTAs that have been signed till date. The agreement being termed as a new generation FTA that will cover many more areas other than commodity trade like trade in services, investment, intellectual property rights, competition policy, government procurement to name a few. The proposed FTA is going to have a far reaching consequence for both the Indian state as well as for the lives and livelihood of Indian masses. In this context it becomes imperative to understand the various provisions being negotiated in the agreement that are going to directly impact an extremely large segment of the population. Read the entire article at: http://www.cipra.in/ -- Fraternally, Damodar email:marxistfront(at)yahoo.co.in http://www.otheraspect.tk _______________________________________________ Marxism-Thaxis mailing list Marxism-Thaxis@lists.econ.utah.edu To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
