(Weekly Organ of the Communist Party of India (Marxist)
February 12, 2012
INDIA-EU Free Trade Agreement
Resolutely Safeguard Indian Interests
The Polit Bureau of the
Communist Party of
February 10, is preparing to finalise the contours of the EU-India Free
Agreement. The CPI(M) expresses grave concern on the total lack of
regarding the negotiations that have preceded the summit. While various
assurances have been issued by the government, stating that national
will be safeguarded, there is very little hard information available to
such claims. Apprehensions grow in the light of the negative experience
The EU-India FTA encompasses different sectors, including trade in agricultural and manufactured goods, services, intellectual property rights, investment and government procurement. In each of these areas, concessions granted by the Indian government can have a deep and continuous effect on the livelihood of a very large number of people.
The EU is asking for a majority (over 90 per cent) of tariff lines to be opened up for tariff reduction. Agricultural goods such as cereals, dairy, poultry, fisheries, and agro processed goods, are some areas that the EU is understood to be targeting. In the services sector it is targeting the retail sector, banking, financial services, insurance, postal services, and energy. The EU continues to press for data exclusivity in pharmaceuticals and agro-chemicals, which puts domestic industry at a major disadvantage.
government not to conclude any binding agreement with the EU until
several other issues, critical to