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EU-India Free Trade Agreement, Investment Protection Agreement and Geographical Indications Agreement

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  • India
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  • Negotiations and agreements

On 17 June 2022, the European Union relaunched negotiations with India for a Free Trade Agreement, and launched separate negotiations for an Investment Protection Agreement and an Agreement on Geographical Indications (GIs). 
 
The EU is India's third largest trading partner, accounting for €88 billion worth of trade in goods in 2021 or 10.8% of total Indian trade. India is the EU’s 10th largest trading partner, accounting for 2.1% of EU total trade in goods. Trade in services between the EU and India reached €30.4 billion in 2020.
 
The trade negotiations aim to:

  • Remove barriers and helping EU firms – especially smaller ones – to export more;
  • Open up services and public procurement markets;
  • Ensure protection of geographical indications;
  • Pursue ambitious commitments on trade and sustainable development, and;
  • Make sure the agreed rules are enforceable.

The investment protection negotiations aim to provide investors from both sides with a predictable and secure investment environment, through commitments on:

  • Non-discrimination;
  • Protection against expropriation without compensation and unfair treatment of investors and their investments, while preserving the right to regulate, and;
  • Transfer of returns.

The investment protection negotiations also seek to put in place an effective and state-of-the-art dispute settlement mechanism to enforce such rules.

About the agreements

Round reports and EU textual proposals

More on Trade relations

EU trade relations with India.

Exporting from the EU, importing into the EU — all you need to know is on the Access2Markets portal

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