India Europe Free Trade Agreement
One of the EU`s main objectives in its trade relations with India is to work towards a strong, transparent, open, non-discriminatory and predictable regulatory and trading environment for European companies trading with or investing in India, including the protection of their investments and intellectual property. The aim is to help unlock the untapped potential of TRADE BETWEEN THE EU and India. The EU is India`s largest trading partner with 11.1% of total Indian trade, on a par with the US and China (10.7%). We are confident that free trade agreements with the EU and the US will benefit India and talks will resume,” said Gopal Krishna Agarwal, bharatiya Janata Party`s national spokesperson for economic affairs. Negotiations for a Comprehensive Free Trade Agreement (FTA) between the EU and India started in 2007 and were suspended in 2013 due to an ambition gap between the EU and India. The EU remains committed to working towards an ambitious, comprehensive and balanced free trade agreement with India that meets the most important interests of each party and is a win-win. Further information on the EU-India Strategic Partnership, including in the area of trade and investment, is available in the new EU Strategy for India, adopted on 20 November 2018, as well as in the relevant Council conclusions. No more concrete roadmap has been announced for the upcoming trade and investment negotiations.