Advertisement

EU–India Economic Relations and FTA Negotiations

  • Gulshan Sachdeva
Chapter

Abstract

Gulshan Sachdeva shows that, historically, Europe has been important for India, both for trade and investment. Even today, the core of the India–EU strategic partnership is still economics. The EU is India’s biggest trade and investment partner. Europe has emerged as an important destination for cross-border investments and overseas acquisitions for Indian companies. These trends led to negotiations for a Broad-Based Trade and Investment Agreement, which began in 2007. Since 2013, negotiations have been suspended and no major breakthrough has been achieved in recent bilateral summits. With Brexit uncertainty, as well as economic and political difficulties in Europe and India, Sachdeva makes a realistic assessment of the possibility for a trade and investment agreement in the next few years.

References

  1. Asia Regional Integration Centre Database. (n.d.). Retrieved from https://aric.adb.org/fta-country.
  2. Asian Development Bank (ADB). (2004). Foreign Direct Investment in Developing Asia. In Asian Development Outlook 2004. Manila: ADB.Google Scholar
  3. Bhartiya Janata Party (BJP). (2012). Press Statement Issued by BJP National Spokesperson & MP Shri Prakash Javadekar on the EU-India Summit. Retrieved from http://www.bjp.org/index.php?option=com_content&view=article&id=7630%3Apress-bjp-national-spokesperson-shri-prakash-javadekar-on-the-eu-india-summit&catid=68%3Apress-releases&Itemid=494.
  4. Bhartiya Janata Party (BJP). (2013, April 10). Press Statement Issued by BJP Senior Leader, Dr. Murli Manohar Joshi. Retrieved from http://www.bjp.org/en/media-resources/press-releases/press-bjp-senior-leader-dr-murli-manohar-joshi-on-free-trade-agreement.
  5. Bhattacharya, S. K. (2005). India and the European Union: Trade and Non-Tariff Barriers. New Delhi: Aakar Publications.Google Scholar
  6. Boseley, S. (2012, February 10). Does EU/India Free Trade Agreement Spell the End of Cheap Drugs for Poor Countries? The Guardian. Retrieved from https://www.theguardian.com/society/sarah-boseley-global-health/2012/feb/10/hiv-infection-pharmaceuticals-industry.
  7. Charlie, A. (2012). Indian Companies in the European Union. Brussels: Europe India Chamber of Commerce.Google Scholar
  8. Charlie, A. (2014). European Companies in India: Reigniting Economic Growth. Brussels: Europe India Chamber of Commerce.Google Scholar
  9. Chaudhuri, K. N. (1978). The Trading World of Asia and the English East India Company. New Delhi: S Chand & Company.Google Scholar
  10. Chibber, P. K., & Mazumdar, S. K. (1999). Foreign Ownership and Profitability: Property Rights, Control and the Performance of the Firms in Indian Industry. Journal of Law & Economics, 42(1), 209–238.CrossRefGoogle Scholar
  11. Communist Party of India, Marxist (CPIM). (2008, September 27). Proposed India-EU Free Trade Agreement. Press Statement by the Politburo. Retrieved from https://www.cpim.org/content/proposed-india-eu-free-trade-agreement.
  12. Communist Party of India, Marxist (CPIM). (2013, April 5). Stop Indo-EU FTA. Press Statement by the Politburo. Retrieved from http://cpim.org/content/stop-indo-eu-free-trade-agreement.
  13. Dasgupta, K. (2015, March 15). EU Pins Hopes on Modi to Boost Ties with India, but Obstacles Remain. Hindustan Times. Retrieved from https://www.hindustantimes.com/india/eu-pins-hopes-on-modi-to-boost-ties-with-india-but-obstacles-remain/story-Uz4P7WV6mSy4f72NvOTgiI.html.
  14. Decreux, Y., & Mitoritonne, C. (2007). Economic Impact of a Potential Free Trade Agreement Between the European Union and India. Paris: CEPII-CERAM.Google Scholar
  15. DG Trade European Commission. (2017). Trade in Goods with India. Brussels: European Commission. Updated 17 November 2017. Retrieved from http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113390.pdf.
  16. Dixit, J. N. (2000). India and Europe: Perceptions and Misperceptions. In R. K. Jain (Ed.), India and the European Union in the New Millennium. New Delhi: Radiant.Google Scholar
  17. Doval, P. (2012, May 16). Auto Industry Against Inclusion in India-European Union Free Trade Agreement. The Times of India.Google Scholar
  18. European Commission. (2017, October 6). President Juncker at the EU-India Summit. Retrieved from https://ec.europa.eu/commission/news/president-juncker-eu-india-summit-2017-oct-06_en.
  19. European Commission. (2018). Overview of FTA and Other Trade Negotiations. Updated January. Retrieved from http://trade.ec.europa.eu/doclib/docs/2006/december/tradoc_118238.pdf.
  20. European Communities. (1994, August 27). Cooperation Agreement Between the European Communities and the Republic of India on Partnership and Development. Official Journal of the European Communities, No. 1 223/24. http://trade.ec.europa.eu/doclib/html/135123.htm.
  21. European Council. (2017). Remarks by President Donald Tusk Following the EU-India Summit in New Delhi. Retrieved from http://www.consilium.europa.eu/en/press/press-releases/2017/10/06/tusk-remarks-india-summit-delhi/.
  22. Gasoriek, M., Holmes, P., Robinson, S., Rollo, J., & Shingal, A. (2007). Qualitative Analysis of a Potential Free Trade Agreement Between the European Union and India. Sussex: Centre for the Analysis of Regional Integration and Jaipur: CUTS International.Google Scholar
  23. Government of India (GoI). (2017). Economic Survey 2016–17. New Delhi: Ministry of Finance.Google Scholar
  24. Haidar, S. (2017, October 10). India-EU Talks in a Muddle. The Hindu. Retrieved from http://www.thehindu.com/news/national/india-eu-talks-in-a-muddle/article19829814.ece.
  25. Handique, M., & Mishra, A. R. (2009, March 16). Amid Protests, EU-India Trade Talks Begin Today. LiveMint. Retrieved from http://www.livemint.com/Politics/ZZt1sp9eHBqWdilGMhYAhP/Amid-protests-EUIndia-trade-talks-begin-today.html.
  26. Institute of Policy Studies, Sri Lanka (IPS). (2000, August 28–29). Foreign Direct Investment and Economic Integration of the SAARC Region. Mimeo, Paper presented at Second SENAI Conference, Kathmandu.Google Scholar
  27. Johny, S. (2015, April 29). India, EU “Not Far from a Deal on Free Trade”. The Business Line. Retrieved from http://goo.gl/CsxQ2F.
  28. Ministry of External Affairs (MEA). (2016, March 30). EU-India Agenda for Action-2020. Retrieved from http://www.mea.gov.in/Images/attach/EU_India_Agenda_for_Action_post_VC.pdf.
  29. Ministry of External Affairs (MEA). (2017a, October 6). India-EU Joint Statement During 14th India-EU Summit. New Delhi. Retrieved from http://www.mea.gov.in/bilateral-documents.htm?dtl/29011/India++EU+Joint+Statement+during+14th+IndiaEU+Summit+New+Delhi+October+06+2017.
  30. Ministry of External Affairs (MEA). (2017b, October 6). List of Agreements Signed During 14th India-EU Summit in New Delhi. Retrieved from http://mea.gov.in/bilateral-documents.htm?dtl/29009/List+of+Agreements+signed+during+14th+IndiaEU+Summit+in+New+Delhi+October+06+2017.
  31. Ministry of External Affairs (MEA). (2017c, October 6). English Translation of Press Statement by Prime Minister During India-EU Summit.Google Scholar
  32. Peacock, N., & Joseph, N. (2017, March 16). Mixed Messages to Investors as India Quietly Terminates Bilateral Investment Treaties with 58 Countries. Arbitration Notes. Retrieved from http://hsfnotes.com/arbitration/2017/03/16/mixed-messages-to-investors-as-india-quietly-terminates-bilateral-investment-treaties-with-58-countries/.
  33. Prakash, O. (1998). European Commercial Enterprises in Pre-Colonial India. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  34. Press Trust of India (PTI). (2008, September 26). FTA with EU Must Cover 95% Goods for Real Benefit to India. Retrieved from https://www.bilaterals.org/?ficci-fta-with-eu-must-cover-95.
  35. Press Trust of India (PTI). (2015, April 13). Auto Sector Inclusion in India-EU FTA Against ‘Make in India’. The Economic Times. Retrieved from https://economictimes.indiatimes.com/industry/auto/auto-sector-inclusion-in-india-eu-fta-against-make-in-india/articleshow/46906368.cms.
  36. Press Trust of India (PTI). (2017, October 9). No Decision on Resumption of Talks on India-EU FTA: Martin Ney. Retrieved from http://www.moneycontrol.com/news/politics/no-decision-on-resumption-of-talks-on-india-eu-fta-martin-ney-2408679.html.
  37. Sachdeva, G. (2008). India-EU Economic Linkages: Need to Broaden Strategic Partnership. International Studies, 45(4), 341–368.CrossRefGoogle Scholar
  38. Sachdeva, G. (2009). India & the EU: Time to De-Bureaucratize Strategic Partnership. Strategic Analysis, 33(2), 202–207.CrossRefGoogle Scholar
  39. Sachdeva, G. (2012). India-EU Economic Ties: Strengthening the Core of the Strategic Partnership. In L. Peral & V. Sakhuja (Eds.), The EU-India Partnership: Time to Go Strategic? (pp. 39–54). Paris: EUISS.Google Scholar
  40. Sachdeva, G. (2015). Evaluation of the EU-India Strategic Partnership and the Potential for Its Revitalization. Brussels: Foreign Affairs Committee, European Parliament.Google Scholar
  41. Sachdeva, G. (2017a, October 5). India Must Rejuvenate Its Business Ties with the EU. The Hindustan Times. Retrieved from https://www.hindustantimes.com/analysis/india-must-rejuvenate-its-business-ties-with-the-eu/story-2Zok1wJv1OkiyTYdHn9MkO.html.
  42. Sachdeva, G. (2017b, October 12). 14th EU-India Summit: Another Lost Opportunity for Restarting Trade Negotiations. SADF Comment, Issue No. 107. Retrieved from https://www.sadf.eu/sadf-comment-207-14th-eu-india-summit-another-lost-opportunity-restarting-trade-negotiations-gulshan-sachdeva/.
  43. Singh, R. K., & Priya, P. (2014, June 17). What’s Holding Back the India-EU FTA? The Diplomat. Retrieved from https://thediplomat.com/2014/06/whats-holding-back-the-india-eu-fta/.
  44. Spencer, D. L. (1955). Foreign Participation in South Asian Enterprises. Far Eastern Survey, 24(3), 39–44.CrossRefGoogle Scholar
  45. Srivastava, S. (2015, March 9). European Union Intensifying Efforts for Negotiations on India FTA. Financial Express. Retrieved from http://www.financialexpress.com/economy/european-union-intensifying-efforts-for-negotiations-on-india-fta/51476/.
  46. Subrahmanyam, S. (1990). The Political Economy of Commerce: Southern India, 1500–1650. New York: Cambridge University Press.CrossRefGoogle Scholar
  47. Tomlinson, B. R. (1978). Foreign Private Investment in India, 1920–1950. Modern Asian Studies, 12(4), 655–677.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Gulshan Sachdeva
    • 1
  1. 1.Centre for European Studies, School of International StudiesJawaharlal Nehru UniversityNew DelhiIndia

Personalised recommendations