Thursday, March 4, 2021
Home India 13th EU-India Summit: Focusing on strategic partnership

13th EU-India Summit: Focusing on strategic partnership

Brussels, EU: The 13th EU-India Summit, a one-day event, is happening again. A news in itself, as opined by a senior Brussels-based diplomat.

It is well-known that India has partnered up with EU, projecting on them as the country’s largest export stop and topping the charts as India’s numero uno trade and investment partner.

The summit will be focusing on its strategic partnership for the next five years, which India and EU, has maintained since the year of 2004.

Though with the United Kingdom stressing on the limitations, it has struck against the Indians and other non-EU professionals and with the rest of the EU states demanding India to notch down the ‘high’ duties on vehicles, some of the experts are expressing their doubts about achieving the goal of the Free Trade Agreement in the near future.

Prime Minister Narendra Modi will be having a discussion on the Bilateral Trade and Investment Agreement (BIT). The scheme was launched back in 2007 but got stagnant after facing an amount of inhibitions in its path.

While returning to the track of political tensions along the lines of commercial relationships, there is to be an amalgamation of ministers particularly belonging to this sector.

According to an EU note:

“India has embarked on a process of economic reform and progressive integration with the global economy that aims to put in on a path of rapid and sustained growth. However, India’s trade regime and regulatory environment remain comparatively restrictive.”

India still maintains substantial tariff and non-tariff barriers that hinder trade with the EU. In addition to tariff barriers and imports, India also imposes a number of non-tariff barriers in the form of quantitative restrictions, import licensing, mandatory testing and certification for a large number of products as well as complicated and lengthy customs procedures.”

The dignitaries- the president of the European Council Donald Tusk, the president of the European Commission Jean-Claude Juncker, the European commissioner for trade Cecilia Malmstrom and Mogherini, will be attending the summit where the recent Brussels attacks will be a point of discussion.

Finally, an evening on Wednesday will be dedicated to the issue of a diaspora by Modi, after which he will be departing for the Nuclear Security Summit at Washington DC. (Inputs from The Hindustan Times)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Best Sites To Play Andar Bahar Online

By John Graham Playing Andar Bahar is fun, especially when playing on a user-friendly site. It’s a game where you play and win. Besides, it’s...

7 Tips On How To Always Wake Up On Time In College

By Grace Johnson Many students complain that waking up early to go to classes seems to be getting more and more difficult day by day....

US Based OAC To Make The World’s First Space Hotel

If you are a space enthusiast, there is more exciting news as a US-based space construction company, Orbital Assembly Corporation (OAC), is planning to...

Gut Instinct To Figure Out Between Fake And Genuine Reviews

While booking a hotel online, travelers should trust their gut instinct rather than relying on computer algorithms to figure out between fake and genuine...

Study: Customized Diets Could Be Key To Optimizing Mental Health

Lifestyle changes and customized diets could be key to optimizing mental health, a new study suggests. The study indicates that significant customized diets and...

Study: One In Four People, Maybe Living With Some Degree Of Hearing Loss By 2050

Nearly 2.5 billion people worldwide, or one in four people, maybe living with some degree of hearing loss by 2050, and at least 700...

Rare India: Commit To A Life That Puts Planet And People First

The Climate crisis is real, and the travel industry is affected in so many ways that there is an immediate need to address how...

World Wildlife Day: Here Are Some Wildlife Sanctuaries Worth Visiting

With millions of species breathing on earth, the world celebrates Wildlife Day today, March 3, to raise awareness of global flora and fauna. There...

Recent Comments