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

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Myanmar's garment units risk closure due to virus impact

Myanmar's garment factories are facing the risk of shutdown as the...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

GMAC urges EU to restore full EBA rights for Cambodia

Expressing disappointment over the recent European Union (EU)...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Uzbekistan 3rd biggest garment exporter to Kazakhstan

Uzbekistan exported 10,000 tonnes of apparel to Kazakhstan in 2019,...

Interviews View All

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

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

Leave your Comments


February 2020

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


Advanced Search