{"id":88205,"date":"2020-01-21T15:20:23","date_gmt":"2020-01-21T09:50:23","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=13099"},"modified":"2020-01-21T15:20:23","modified_gmt":"2020-01-21T09:50:23","slug":"bilateral-trade-and-investment-agreement-needed-between-india-and-the-european-unionedgars-rinkevics","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/bilateral-trade-and-investment-agreement-needed-between-india-and-the-european-unionedgars-rinkevics\/","title":{"rendered":"Bilateral Trade and Investment Agreement needed between India and the European Union:Edgars Rinkevics"},"content":{"rendered":"\n<p><strong>News:<\/strong>Latvian foreign minister has said that India-EU trade cannot increase until the Bilateral Trade and Investment Agreement(BTIA) between the European Union and India is negotiated.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>About Bilateral Trade and Investment Agreement(BTIA):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Bilateral Trade and Investment Agreement(BTIA) is a Free Trade Agreement between India and EU which was initiated in 2007.<\/li><li>The negotiations on agreement is based on the commitment made by political leaders at the 7th India-EU Summit held in 2006.<\/li><li>So far, 15 rounds of negotiations have been held alternately at Brussels and New Delhi.The last meeting was held in the week of 13th May, 2013 in New Delhi.<\/li><li>However,even after a decade of negotiations,India and EU have failed to resolve certain issues which have led to a deadlock in negotiations.<\/li><\/ul>\n\n\n\n<p><strong>What does European Union wants?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Reduce taxes on liquor&nbsp;<\/li><li>Reduce taxes on automobiles&nbsp;<\/li><li>More market access with less duty interference.<\/li><li>India should adopt stringent Intellectual property(IP) protection standards.<\/li><li>To negotiate the Bilateral Investment Treaty before it starts negotiating the EU-India BTIA<\/li><li>Wants India to liberalise accountancy and legal services.<\/li><\/ul>\n\n\n\n<p><strong>What India wants?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Data secure status for a number of services especially in the IT and ITES sectors.&nbsp;<\/li><li>Free access to European Markets for the textile industry<\/li><li>Liberalisation of services in Mode 1(cross-border trade) and Mode 4 (presence and movement of natural persons).<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:Latvian foreign minister has said that India-EU trade cannot increase until the Bilateral Trade and Investment Agreement(BTIA) between the European Union and India is negotiated. Facts: About Bilateral Trade and Investment Agreement(BTIA): Bilateral Trade and Investment Agreement(BTIA) is a Free Trade Agreement between India and EU which was initiated in 2007. The negotiations on agreement&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/bilateral-trade-and-investment-agreement-needed-between-india-and-the-european-unionedgars-rinkevics\/\">Continue reading <span class=\"screen-reader-text\">Bilateral Trade and Investment Agreement needed between India and the European Union:Edgars Rinkevics<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[164],"tags":[455,5285,42],"class_list":["post-88205","post","type-post","status-publish","format-standard","hentry","category-international-relations-daily-factly-articles","tag-btia","tag-european-union","tag-india","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700485045},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/88205","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=88205"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/88205\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=88205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=88205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=88205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}