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india- eu (Official status - STRATEGIC PARTNERS since 2004. (Presently, EU…
india- eu
Official status - STRATEGIC PARTNERS since 2004.
However, there is nothing strategic. India-EU relation is loveless arrange marriage.
EU is primarily a trading block and thus there are limitations wrt strategic partnership.
Presently, EU is facing multiple crises.
BREXIT
DIFFERENCE OVER RUSSIA
RECOVERY AFTER EUROZONE CRISIS
REFUGEE CRISIS
In 1962, India was the first developing country to establish diplomatic relations with European community.
areas of cooperation India's interest -
Geo-economic - Investment and trade; Technology transfer
The EU is also the largest destination for Indian exports and a key source of investment and technologies.
protecting of liberal world order under us protectionism
Geo-strategic - counter terrorism, Afghanistan
commen concerns on counterterrorism, counter-piracy, cyber-security, and non-proliferation/disarmament
Dealing with challenges emanating from our common extended neighbourhood - from Istanbul to Islamabad; Afghanistan; Indian Ocean
Geo-politics -
both support mutlipolar worldand effective mutillaterlaism
Further EU and India also underline their highest political commitment to the effective implementation of the Paris Agreement and the UNFCCC despite US withdrawing from the same.o Research and Development:
unsc reform: eu endorses india permanent seat at unsc
Respect for democracy and HR
The EU-India Common Agenda on Migration and Mobility (CAMM) is a fundamental cooperation agreement between India and EU.
As US is uncertain, India should cooperate with EU to tackle China;
india's interest
City to City Cooperation: Now it is being formalized in an India-EU Partnership for Smart and Sustainable urbanization, which will support the Indian ‘Smart cities’ and 'AMRUT' initiatives to boost joint research and innovation.
R &D
✓ India, participates in international ITER fusion project :for fusion as a future sustainable energy source.
✓ India also participates in research and innovation funding programme 'Horizon 2020
ICT Cooperation: ✓ The EU and India aim to link the ‘Digital Single Market’ with the ‘Digital India
• Trade and Investment: o The EU is India's largest trading partner, accounting for 13.2% of India's overall trade. The total value of EU-India trade in goods stood at €85.8 billion in 2017. Further the trade in services have almost tripled in last decade.
Challenges -
Stalled Indo-EU BTIA
Strategic priorities are different. For e.g. different opinions over Russia's actions in Crimea
EU complaints of India's complex business environment.
like GDPR
EU sometimes raises the issue of HR in Kashmir
Both are negotiating FTA since 2007.
Modi visited Europe in 2016. Both adopted AGENDA 2020. It recognises early conclusion of India-EU BTIA.
-• issues in india-eu BTIA Deadlock in Broad-based Trade and Investment Agreement (BTIA) India
Europe's concerns
• There are differences over the EU’s demands on elimination of India’s duties on goods such as
automobiles
wines and spirits,
further liberalization of multi-brand retail
insurance
and opening up of the currently closed sectors such as accountancy and legal services.
India's concerns
Data secure country status
• The deadlock is due to issues including India’s pitch for a ‘data secure’ status (important for India's IT sector to do more business with EU firms)
now eu's gdpr further makes the services export complex for india
Service sector. Liberalisation of Mode IV movement.
as well as to ease norms on temporary movement of skilled workers.
• For India non-tariff barriers such as sanitary and phytosanitary measures, and technical barriers to trade are also a major concern.
disagreement over bit.
• India’s model BIT and its Investor-State Dispute Settlement Mechanism which allows companies to seek international arbitration only when all domestic options have been exhausted has also been a contentious issue.
• EU is keen on finalization of an India-EU Bilateral Investment Treaty (BIT) before the re-launch of the FTA talks while India wants to make ‘investment protection’ a part of the negotiations on the proposed comprehensive FTA.