New Delhi, March 29, the bilateral free trade agreement (ALE) between India and the European Union will strengthen market access and remove commercial barriers for the two nations of the new geopolitical world, Carlo Mastellone, president of UIA, Studio Legale Mastellone in Florence, Italy, announced on Saturday.
Speaking during a seminar of the national capital, Mastellone said that there was a very large domestic market in India and that the time has now come to change the approach of multilateralism to bilateralism.
“From the point of view of the European Union, from where I come from, we examine one of the bilateral free trade agreements (AFF). From a European point of view, which will be accomplished in this new geopolitical and geographic situation,” Masllone told the collection.
In February of this year, Prime Minister Narendra Modi and the President of the European Commission Ursula von der Leyen agreed to accelerate the conclusion of India-EU FTA by the end of the year and to hold other discussion focused on defense industry and policy to explore the opportunities for new initiatives and programs.
The leaders have undertaken to work on their respective negotiation teams to continue negotiations for a balanced, ambitious and mutually beneficial Ale in order to conclude them during the year. Officials were invited to work as a trusted partners to improve market access and remove commercial barriers.
The two leaders welcomed the progress made by the second ministerial meeting of the Indian Council-EU Trade and Technology (TTC) which took place during the visit to promote deeper collaboration and strategic coordination at the intersection of trade, trust technology and green transition.
During the seminar, Mastellone also said that the mission of the UIA built bridges and network lawyers from different systems and cultures “for the benefits of lawyers worldwide”.
“The opportunity is to get up for the rule of law, for human rights and for the protection of lawyers who are threatened to be persecuted by governments or other authorities,” he said, adding that we must also defend the “challenge to fulfill a legal role towards world peace”.
The UIA is the global and multicultural organization for the legal profession, created in 1927 and now with members of 110 countries.
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