India and the European Union (EU) will organize another round of decisive negotiations to overcome differences in areas of the rules of origin, market access and duties for wine and dairy products this week.
The two best EU negotiators who are in charge of trade and agriculture come to India this week to soon conclude an ambitious free trade agreement (FTA), PTI press agency said. This comes days after the prime minister Narendra Modi and the leaders of the European Union discussed the “early conclusion” of India-Eu FTA.
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The Commissioner for Agriculture of the European Commission Christophe Hansen and the head of Maros Sefcovic trade will negotiate with their Indian partners in India because both sides are looking for FTA by the end of this year. Two Commissioners, who are equivalent to the Cabinet ministers, will lead a 30 -member negotiating team from Brussels and meet their counterparts in Delhi, Minister of Trade Piyush Goyal and Minister of Agriculture Shivraj Singh Chouhan.
The 13th round of the FTA 8th September will start before a significant visit. While the 13th round of the FTA negotiations will be held in the new Delhi, the next round was scheduled for the beginning of next month in Brussels.
According to reports, the meeting will focus on major problems such as non -tariff barriers, market access and public contracts.
The commercial agreement assumes importance in the turbulence created by tariff policies of US administration. This is also significant because the EU-USA agreement is followed. The EU indicated flexibility for the US on the disputed mechanism
The European Union is the largest Indian business partner and in the financial year 2023-24 records bilateral trade in goods.
PM modi speaks with Ursula
On September 4, Prime Minister Narendra Modi and President of the European Commission Ursula von der Leyen and President of the European Council Antonio Costa on the phone and discussed the “early conclusion of India-Eu FTA”
Both parties have already closed negotiations on 11 chapters that included calming customs and trade, dispute settlement, digital trade, sustainable food system, small and medium -sized enterprises, economic and subsidies and capital movements, PTI said.
Sources have stated that negotiations on several key chapters, including the rules of origin and access to the market, must still be closed.
A new political-strategic vision
In addition to the trade agreement, India and the EU are also in the process of reinforcement of a number of transformative initiatives, including a new political-strategic vision and key basic frames for expanding defensive bond-crosses that came against the background of growing geopolitical uncertainty.
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The EU will present its new strategic vision for links with India on 17 September, which will include key elements of its futuristic outlook for relations with New Delhi.
New measures are expected to be introduced at the annual India-EU summit, which is likely to take place in India over the first few months of next year.
Both parties will also organize a number of high -level meetings and high -level meetings in the next three months, including a visit to India by the EU Political and Security Committee, which includes envoys of 27 Member Nations of the block.
The Anti-Eu-EU interviews are also scheduled for this month in Brussels, while the EU Parliament’s Permanent Committee will visit the new Delhi in October. The Indo-Pacifik of the Ministerial Forum will follow on 20-21. November.
The next meeting of the EU-India Trade and Technology Council (TTC) is likely to take place in November. Foreign policy and security dialogue between the two parties will also be held in Delhi.
The EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas is expected to visit India in December or January.
Finding a “correct balance”
There are also problems concerning non -tariff barriers, but both parties hope to solve all the questionable matters by finding a “right balance”.
The new strategic vision for India-EU links will be analyzed by various members before ratification.
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The Vision document, which is the main light for the next phase between India-EU, is expected at the summit.
The sources said that to support defense cooperation, both parties are negotiating on the security of the information agreement and two other frameworks, with a larger goal to increase defense links, including jointly developing military equipment and hardware.
The upcoming TTC meeting assumes meaning.
In 2022, TTC was unveiled to facilitate the exchange of critical technologies in various areas, including artificial intelligence, quantum computer technology, semiconductors and cyber security.
TTC and India were the second such technological partnership of the European Union after the first with the United States that was reinforced in June 2021.
What did Jaishankar say?
India would like to see its negotiations with the European Union on the free trade agreement to move to the “decisive conclusion”, soon said Minister of external Affairs Jaishankar last week
Jaishankar made notes on common media briefing after he had widespread interviews with his German counterpart Johann Wadephul.
The Minister of External Affairs said that interviews focused on strengthening bilateral links in the areas of the economy, climate change, defense and technology.
India would like to see her negotiations with the European Union on the free trade agreement, which will soon move to the “decisive conclusion”.
Jaishankar said Wadephul told him that Germany would bring full weight for India-Eu FTA.
(Tagstotranslate) India EU FTA
