New Delhi: While stating its intention to work on a “meaningful trade agenda” with the European Union, India has stressed the need for it to be “fair and equitable” and made it clear that there is a need to respond to tariffs and not tariff barriers.
During his first meeting with Maroš šefovi, the European Commissioner for Trade and Economic Security in Brussels this weekend, Union Minister and Industry Minister Piyush Goyal also affirmed that cooperation on trade And sustainable development Should take into account the respective level of developments of both trading partners and “the principle of common but differentiated responsibility” should be followed which does not pose an additional burden on a developing country like India.
The high-level dialogue is part of India and the EU’s attempts to develop a basis for negotiations for a free trade deal in which the European trade bloc is also seeking dedicated chapters to engage on issues such as sustainability, gender and work. India is of the view that European standards cannot be imposed on it given its level of development prompting the Union Minister to lay down the position while outlining the six key principles.
“India would work with the European Union to develop advanced technologies, secure supply chains of critical raw materials and build resilient supply chains that will reduce dependencies on non-commercial economies and help develop linkages closer economic ties between India and the EU,” Goyal said during the competition. He also highlighted the “common values of democracy” at a time when countries are reducing their dependence on China.
About The Author
