The negotiators of India and the EU earlier this month have made significant progress, but continued to postpone in key areas, including cars and agriculture, has shown a situation report published by the European Union (EU). The report indicates that the next series of talks should take place in Brussels next month.
The report indicates that high -level interventions of the senior EU officials with the Indian authorities were useful for better understanding the position of each party, but did not “have made sufficient progress in sensitive areas such as cars and agricultural products”.
“The objective of the negotiators was, as in recent towers, to progress on the main pillars of a future agreement in order to get closer to an access to the economically significant market. Although certain progress has been made in certain fields in progress, in particular on the rules of origin, the health and phytosanitary measures (SPS), and the investment, no additional chapter could be closed at that time.”
“However, the negotiators have managed to better clar their respective offensive and defensive interests in access to the goods market, both in the industrial and agricultural sectors, and in -depth discussions took place on the basis of market access offers for the services and investments that had been exchanged in July,” said the report.
On the chapter of crucial goods, the report indicates that the discussions have led to the end of certain open provisions. “They also paved the way for new progress during the next round.
The European Commission, in a report to the European Parliament, at the beginning of the month, said that the EU was the largest trading partner in India, while India is the largest in the EU in the world. In 2024, the bilateral trade in goods reached 120 billion euros, an increase of almost 90% in the last decade and around 6,000 European companies operated in India.
The report indicates that the EU is committed to increasing investments in India through “Global Gateway”, by deactivating private sector investment with mixed guarantees and finances. Global Gateway is the strategy of the European Union aimed at stimulating intelligent, clean and secure connections in the digital, energy and conveyorous sectors and to strengthen health, education and research systems around the world. The overall overall global team European investment portfolio already exceeds 15 billion euros, covering sectors such as renewable energies, water, urban transport and digital infrastructure.
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