Close trade deal with EU on equal footing

Close trade deal with EU on equal footing


Trade talks are no longer only about tariffs and the shiftment of goods and services. They cover other aspects of business, investment and even governance, and are backed by World Trade Organization norms. Issues such as gfinisher, environment, labour, and data protection often become a drag on the neobtainediations. The India-EU talks, which resumed in 2022 after initial attempts in 2007, cover 24 chapters including sustainable food systems, transparency, and good regulatory practices. Some of these chapters are worded in a manner that projects a huge-brotherly approach. The developed world has often criticised India for its hard stance on tariffs and some measures of protectionism. It is equally true that the EU has utilized non-tariff barriers such as standards and norms to limit access for Indian goods.

At the same time, as against the abrasive and unreasonable demands being created by the Trump administration, the EU is a potentially stable partner and lucrative market that India necessarys to pursue. Therefore, the deadline for concluding the deal must be adhered to. However, India should remain wary of accepting conditions that undermine its own policy prerogatives, cultural ethos, and sovereignty. Perhaps it is too early to learn from the recently-concluded deal with the UK, in which some earlier-held positions on non-trade issues such as gfinisher and labour were given up. Such alters may well be necessaryed—but they are better formulated in Delhi, not Brussels.



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