India – EU

Free Trade
Agreement
Group 2 – Anupam Verma, Jay
Kothari, Rohit Dubey, Vaibhav
Pareek, Vishal Shri Vastava

The World Trade Organization defines a Free Trade Agreement as an agreement between countries that removes tariffs and
other restrictions on substantially all goods traded between them.
 THE STORY SO FAR
15thth India – EU
India – EU Partnership 15thth and final
Lisbon Summit in Summit – 15thth
Diplomatic Development, round of
June, 2000. Joint July, 2020 and the
Relations since 1994 and India- negotiations – 25thth
Action Plan, 2005. impact of COVID
EU Hague to 29thth November,
1962. Summit, 2004
Reviewed in 2008.
2013 – New Delhi
– 19 Pandemic on
the FTA

Report of the EU- June 2007 –

Commercial Economic
India High Level Dialogues for a
Cooperation Cooperation
Trade Group – bilateral FTA were
Agreement, 1973 Agreement, 1981
October, 2006 initiated

Jay Kothari
 COVID-19 AND INDIA - EU
FREE TRADE AGREEMENT
• Political Benefits: India – Impetus to Make in India; EU – Chinese Opposition and FTA with 2nd Developing Country, after Vietnam.
• Economic Benefits: India – Technology Transfer and FDI; EU – Large Market potential to be tapped.
Benefits

• Following the pandemic, many nations in the EU will be grappling with stressed economies. The FTA might give these nations a foreign market to
exploit and in turn stabilise their own economy.
• Failure of the FTA again would mean production of EU based companies shifting to Vietnam from China. This would badly hurt the Indian dream of
Timing becoming a manufacturing hub. The success of the FTA on the other hand would make India a stronger economy than ever.

• The FTA would lead to the emergence of a global value chain, where production is split across countries working for the advantage of each nation’s
higher comparative capability
• India and the European Union have differences that they must iron out to proceed with their mutual efforts to evolve the trade ties. 
Conclusion

Jay Kothari