{"id":193917,"date":"2022-07-04T21:02:40","date_gmt":"2022-07-04T15:32:40","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=193917"},"modified":"2022-07-04T21:02:40","modified_gmt":"2022-07-04T15:32:40","slug":"india-eu-conclude-1st-round-of-negotiations-for-india-eu-trade-and-investment-agreements","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-eu-conclude-1st-round-of-negotiations-for-india-eu-trade-and-investment-agreements\/","title":{"rendered":"India-EU conclude 1st round of negotiations for India-EU Trade and Investment Agreements"},"content":{"rendered":"\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">India and the European Union have concluded the first round of negotiations for India-EU Trade and Investment Agreements including the Geographical Indicators (GI).<\/span><\/p>\n<h5><b>About India-EU Trade Talks<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">India started negotiations for a trade pact with the European Union(EU) in 2007. But the talks stalled in 2013 as both sides failed to reach an agreement on key issues, including customs duties on automobiles and spirits, and the movement of professionals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now the talks have resumed again. The negotiations for a balanced and comprehensive trade pact shall be split into three agreements on Trade, Geographical indications(GIs) and Investment.<\/span><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Read more: <a href=\"https:\/\/forumias.com\/blog\/why-india-eu-trade-pact-is-still-difficult-to-achieve\/\">Why India-EU trade pact is still difficult to achieve?<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><b>What is the current bilateral trade between India and the EU?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">India\u2019s bilateral trade with the EU amounted to USD 116.36 billion in 2021-22. Despite the global disruptions, bilateral trade achieved impressive annual growth of 43.5% in 2021-22.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, the EU is India\u2019s second-largest trading partner after the US and the second-largest destination for Indian exports.\u00a0<\/span><\/p>\n<h5><b>Significance of Trade Agreement with EU<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The trade agreement with the EU would help India in further expanding and diversifying its exports of goods and services, including securing the value chains.\u00a0<\/span><\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Read more: <a href=\"https:\/\/forumias.com\/blog\/india-and-eu-comprehensive-free-trade-deal-to-be-finalized-by-2024\/\">India and EU comprehensive free trade deal to be finalized by 2024<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201c<\/b><b>India-EU concludes 1st round of negotiations for India-EU Trade and Investment Agreements<\/b><b>\u201d <\/b><span style=\"font-weight: 400;\">published in<\/span><b> PIB <\/b>on<b> 3rd July 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the News? India and the European Union have concluded the first round of negotiations for India-EU Trade and Investment Agreements including the Geographical Indicators (GI). About India-EU Trade Talks India started negotiations for a trade pact with the European Union(EU) in 2007. But the talks stalled in 2013 as both sides failed to&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-eu-conclude-1st-round-of-negotiations-for-india-eu-trade-and-investment-agreements\/\">Continue reading <span class=\"screen-reader-text\">India-EU conclude 1st round of negotiations for India-EU Trade and Investment Agreements<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[3590],"class_list":["post-193917","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704688951},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/193917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=193917"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/193917\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=193917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=193917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=193917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}