india- eu (Official status - STRATEGIC PARTNERS since 2004. (Presently, EU…
Official status - STRATEGIC PARTNERS since 2004.
In 1962, India was the first developing country to establish diplomatic relations with European community.
Presently, EU is facing multiple crises.
DIFFERENCE OVER RUSSIA
RECOVERY AFTER EUROZONE CRISIS
EU is primarily a trading block and thus there are limitations wrt strategic partnership.
However, there is nothing strategic. India-EU relation is loveless arrange marriage.
EU complaints of India's complex business environment.
EU sometimes raises the issue of HR in Kashmir
Strategic priorities are different. For e.g. different opinions over Russia's actions in Crimea
Stalled Indo-EU BTIA
areas of cooperation India's interest -
• 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.
ICT Cooperation: ✓ The EU and India aim to link the ‘Digital Single Market’ with the ‘Digital India
✓ India also participates in research and innovation funding programme 'Horizon 2020
✓ India, participates in international ITER fusion project :for fusion as a future sustainable energy source.
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.
Respect for democracy and HR
The EU-India Common Agenda on Migration and Mobility (CAMM) is a fundamental cooperation agreement between India and EU.
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
As US is uncertain, India should cooperate with EU to tackle China;
Geo-strategic - counter terrorism, Afghanistan
Dealing with challenges emanating from our common extended neighbourhood - from Istanbul to Islamabad; Afghanistan; Indian Ocean
commen concerns on counterterrorism, counter-piracy, cyber-security, and non-proliferation/disarmament
Geo-economic - Investment and trade; Technology transfer
protecting of liberal world order under us protectionism
The EU is also the largest destination for Indian exports and a key source of investment and technologies.
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
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.
and opening up of the currently closed sectors such as accountancy and legal services.
• There are differences over the EU’s demands on elimination of India’s duties on goods such as
wines and spirits,
further liberalization of multi-brand retail
• For India non-tariff barriers such as sanitary and phytosanitary measures, and technical barriers to trade are also a major concern.
Service sector. Liberalisation of Mode IV movement.
as well as to ease norms on temporary movement of skilled workers.
Data secure country status
now eu's gdpr further makes the services export complex for india
• 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)