{"id":81322,"date":"2021-02-09T10:18:25","date_gmt":"2021-02-09T04:48:25","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=81322"},"modified":"2021-02-09T11:19:01","modified_gmt":"2021-02-09T05:49:01","slug":"why-india-eu-trade-pact-is-still-difficult-to-achieve","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/why-india-eu-trade-pact-is-still-difficult-to-achieve\/","title":{"rendered":"Why India-EU trade pact is still difficult to achieve?"},"content":{"rendered":"<p><b>Source: <\/b><a href=\"https:\/\/epaper.thehindu.com\/Home\/ShareArticle?OrgId=GSL88JQAB.1&amp;imageview=0\"><span style=\"font-weight: 400;\">click here<\/span><\/a><\/p>\n<p><b>Syllabus: <\/b><span style=\"font-weight: 400;\">GS 2<\/span><\/p>\n<p><strong>Synopsis:<\/strong> The EU is in a turbulent situation currently due to COVID-19, Brexit, and international tensions with the US. This has unsettled the EU and worsened internal issues.<\/p>\n<p><b>Introduction\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">India is planning to start negotiations on investment and trade agreements with the European Union (EU).\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">However, <\/span><b>these discussions might face the same problems<\/b><span style=\"font-weight: 400;\"> as faced during\u00a0 2007 discussions on free trade agreements.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The EU was one of India\u2019s major trade and investment partners before COVID-19 and Brexit. But it is facing many internal issues at present. To revive its relations with the EU, India need to recalibrate its policies.\u00a0<\/span><\/li>\n<\/ul>\n<p><strong>What are the issues facing the EU at present?<\/strong><\/p>\n<p><b>First, Euroscepticism is impacting the unity of the EU.\u00a0<\/b>After the UK, many other EU member countries are resisting the EU Policies. Unity is lacking on issues such as-Eurozone, migration crises, secularism, and implementing COVID-19 lockdowns. There is no consensus upon the strategy for dealing with China, Russia, Turkey, and Iran.<\/p>\n<p><strong>Second<\/strong>, EU countries are facing many Internal issues. For the first time in 40 years, Netherlands faced Pandemic led riots.<\/p>\n<p><strong>Third,<\/strong> deteriorated relations with the US. During the Trump regime in the US, the EU-US relations took a downfall. Now many EU countries are looking for greater self-reliance in security. However, Germany, the Netherlands, Portugal, and others are uncomfortable with the prospect of building larger military capabilities.<\/p>\n<p><span style=\"font-weight: 400;\">The EU is trying to avoid involving in the US-China conflict. <\/span><span style=\"font-weight: 400;\"><b>It has signed<\/b><\/span>\u00a0the EU-China Comprehensive Agreement on Investment which was decided after negligible consultation with Washington.<\/p>\n<p><span style=\"font-weight: 400;\"><strong>Fourth,<\/strong> Vaccine nationalism is widening the divide.\u00a0<\/span><b>The COVID-19 introduced divisive vaccine nationalism into the Union<\/b><span style=\"font-weight: 400;\">. Germany and France restricted exports of personal protective equipment.\u00a0<\/span><\/p>\n<p><b>The German government had negotiated a separate vaccine contract with Pfizer<\/b><span style=\"font-weight: 400;\"> in September last year. On the other hand, it is a strong advocate of European solidarity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the EU\u2019s procurement programme for the union from Astra-Zeneca, Moderna and Pfizer, has filled the gaps to an extent on this part.\u00a0<\/span><\/p>\n<p><b>Conclusion\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The EU will require enormous political will and clever skill to resolve these innumerable and diverse problems without further widening the existing gaps. Trade agreements with India will be the least of its problems.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: click here Syllabus: GS 2 Synopsis: The EU is in a turbulent situation currently due to COVID-19, Brexit, and international tensions with the US. This has unsettled the EU and worsened internal issues. Introduction\u00a0 India is planning to start negotiations on investment and trade agreements with the European Union (EU).\u00a0 However, these discussions might&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/why-india-eu-trade-pact-is-still-difficult-to-achieve\/\">Continue reading <span class=\"screen-reader-text\">Why India-EU trade pact is still difficult to achieve?<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[1333],"class_list":["post-81322","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-ir_0","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704806308},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/81322","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\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=81322"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/81322\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=81322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=81322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=81322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}