Eu India Cooperation Agreement 1994

9. At the Summit, it was agreed to strengthen the dialogue on disarmament and non-proliferation, to intensify consultations on UN reforms, to intensify joint counter-terrorism efforts and to intensify interactions between the two sides. The EU recognised India`s role in managing crisis situations in its neighbourhood and welcomed India`s determination to promote dialogue with Pakistan. It was also agreed to address issues that would contribute to improving trade and investment relations. Two proposals of particular interest were the decision to establish an energy panel to discuss energy cooperation and an environment forum, in which representatives of the business community and civil society should participate in order to discuss environmental issues and opportunities for cooperation. It was also agreed to continue negotiations with the EU with a view to signing the framework agreement formalising India`s participation in the Galileo satellite navigation project. India reaffirmed its desire to participate in the International Thermonuclear Experimental Reactor (ITER) project to produce energy from nuclear fusion. India and the EU have been working on a Large-Scale Trade and Investment Agreement (BTIA) since 2007, but India`s trade regime and regulatory environment remain relatively restrictive. Seven rounds of negotiations ended without reaching a free trade agreement[4][12] Discussions for a bilateral trade and investment agreement between the EU and India have become bogged down following the absence of divergences on issues such as the level of foreign direct investment and market access, the production of generic medicines, greenhouse gas emissions, civil nuclear energy, agricultural subsidies, regulation and safeguards of the financial sector: 100 000. Cooperation on tax evasion, foreign funding of NGOs in India, trade control, restrictions on technology transfer and cooperation on embargoes (Russia). [13] Relations between the Republic of India and the European Union are currently established in the 1994 EU-India Cooperation Agreement. The EU is an important trading partner for India and both sides have been trying to negotiate a free trade agreement since 2007. [1] In the 2018/2019 financial year, intra-EU bilateral trade (excluding trade in services) amounted to $104.3 billion.

[2] 8. As in the past, a joint press release was adopted at the end of the summit, which reflects our common perceptions on various issues of mutual interest. . . .