EU-India FTA: Who Wants a Deal?
The European Union (EU) is keen to enter into a trade agreement with India. EU was formed in 1993, and India was amongst the first countries to establish ties with this political and economic group. A cooperation agreement was signed between them in 1994. A decade later, in 2004, the relationship was upgraded to a ‘Strategic Partnership.’ The 2005 Joint Action Plan that followed committed both sides to develop trade and investment. Ever since then, both sides have been trying to agree on a trade and investment deal.
Background
In 2007 EU-India launched negotiations for a bilateral trade and investment agreement (BTIA). But negotiations did not…