Home / Knowledge / News / Apparel/Garments / India, EU to resume FTA talks in August
India, EU to resume FTA talks in August
30
Jun '15
India and the European Union will resume talks in August after a two-year gap on the proposed free trade agreement for boosting two-way commerce and investment, the media has reported.

"Sometime in August, the EU chief negotiator will be available for negotiations. They have also conveyed that in August they are available for talks," commerce secretary Rajeev Kher told media persons in New Delhi.

Talks for an FTA with the 28-nation bloc EU have been going on since 2007. The last round of talks was held in 2013 in New Delhi where the two sides failed to bridge substantial gaps on crucial issues. India’s textile industry would be hoping for a breakthrough in the talks to improve the state of garment exports.

“Textiles and leather sectors are facing a beating in EU markets. So, by reducing tariffs, you can get greater market access. The benefits under the Generalised System of Preferences (GSP) has also gone," he said.

India's textiles exports to that market are around US $2.5-3 billion annually. Kher, however, said: "We need to bring in craftsmanship and strategy in our negotiations rather than generic talks".

The India-EU trade talks, formally known as the Broad- based Trade and Investment Agreement (BTIA), remain stuck as the EU is not satisfied with India's offers in areas such as government purchases and market access for automobiles and wines and spirits. The talks launched in June 2007, have missed several deadlines.

The EU had also asked to include labour and environment related aspects besides liberalisation in multi-brand retail and legal services. India is reluctant to make commitments on these issues.

On the other hand, India is insisting for data secure nation status and immigration quota from the EU. The status is crucial as it will have a bearing on Indian IT companies wanting market access in the EU.

Kher said this is the right time to move on the proposed agreement as exports and imports with the EU are shrinking. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search