INTRODUCTION

The European Union (EU) is an economic and political union of

27 member states which are located primarily in Europe.

EU is one of the largest and the most important trade blocks in the world.

EU was established by The Treaty of Maastricht in 1993 upon the

foundations of the European Communities.

EU countries have a common currency called Euro.

With over 500 million citizens, the EU combined generated an estimated

28% share (US$ 16.5 trillion) of the nominal and about 21%
(US$14.8 trillion) of the PPP gross world product in 2009.
 MEMBERS OF EU
There are in all 27 Members.

FOUNDIND MEMBERS

The founder members of European union were 6

Nations namely, Belgium, France, then West
Germany, Italy, Luxembourg and the Netherlands.

OTHER MEMBERS ARE:-

Austria,  Bulgaria Cyprus, the Czech

Republic, Denmark, Estonia, Finland, Greece,
Hungary, Latvia, Lithuania, Malta, Poland, Portugal,
Republic of Ireland, Romania, Slovakia, Slovenia, 
Spain, Sweden, and the United Kingdom.
 OBJECTIVES
There are Two original core objectives of the European
Economic Community :-

 The development of a single market, and a customs union

between its member states.

 Free movement of capital .

 The free movement of persons.

The free movement of services and of establishment.

 OTHER OBJECTIVES

oConvergence.
Convergence

oRegional competitiveness and employment.

oEuropean territorial cooperation

 EU AND INDIA

EU is an important and biggest trading partner for INDIA a growing

global economic power.

INDIA combines a sizable and growing market of more than 1

billion people with a growth rate of between 8 and 10 % - one of the
fastest growing economies in the world.

 Although it is far from the closed market that it was twenty years
ago, India still also maintains substantial tariff and non-tariff
barriers that hinder trade with the EU.

 The EU and India hope to increase their trade in both goods and
services through the Free Trade Agreement (FTA) negotiations that
they launched in 2007.
 TRADE AND BUSINESS.
Trade in goods

•EU goods exports to India 2007: €26.2 billion

•EU goods imports from India 2007: €29.4 billion

Trade in services

•EU services exports to India 2007: €6.7 billion

•EU services imports from India 2007: €5.5 billion

Foreign Direct Investment

•EU outward investment to India 2006: €2.5 billion

•Indian inward investment to EU: €0.5billion
EU TECHNICAL AND FINANCIAL TRADE
ASSISTANCE TO INDIA

•To assist India in continuing its efforts to better integrate into the world economy
with a view to further enhancing bilateral trade and investment ties.

•The EU is providing trade related technical assistance to India. €13.4million were

allocated through the Trade and Investment Development Programme (TIDP)
funded from the Country Strategy Paper (CSP) 2002-2006.
 CONCLUSION
Most EU governments take very little interest in India

That is likely to change. According to Goldman Sachs'

(admittedly speculative) research, over the next half century
India will grow faster than any other large national
economy.

By 2050 it will be the world's third largest, behind China

and the US - but around four times bigger than each of the
next three, Japan, Brazil and Russia and overtake all EU
Countries including UK.