European Union-India Trade Relation


Posted on August 1, 2013 by Asia Briefing

By Nathan Barlow

Aug. 1 – During 2003-2011, the value of trade between the European Union (EU) and India nearly tripled from US$38.2 billion to US$105.9 billion, pushing the EU into the forefront as India’s leading trade partner. In fact, EU-India trade amounted to about 9.9 percent of India’s total bilateral trade just last year – reinforcing the EU as India’s largest trade partner. India, on the other hand, is the EU’s 9th largest trading partner.

Thanks to ongoing talks seeking a quick conclusion to a free trade agreement (FTA) between the countries, India-EU trade looks to become a defining feature of the international economic landscape.

Ongoing FTA Talks

Negotiations on the India-EU Bilateral Trade and Investment Agreement (BTIA) – which plans to eliminate duties on 90 percent of tradable goods – first began in 2007 and were set to conclude this past…

View original post 460 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: