ISDS Case Map
India
The European Free Trade Association is a free trade area between four countries – Iceland, Liechtenstein, Norway and Switzerland -- and the trade deal negotiations have lingered on for over 15 years.
India and the UK launched negotiations for the FTA in January last year with an aim to conclude talks by Diwali (October 24), but the deadline was missed due to political developments in the UK.
The European Union has suggested that India liberalize its capital account restrictions as part of a comprehensive free trade agreement being discussed with New Delhi, according to the text of the latest negotiations.
Large Indian companies bidding for government tenders will soon be facing foreign competition as India prepares to open up its $500 billion public procurement market as part of free trade agreement negotiations.
India has opted out of the trade pillar as broad consensus had not emerged on issues pertaining to labour, environment, digital trade, and public procurement.
The EU-India trade deal is a neoliberal deal, entrenched in the idea that more trade between the two markets will bring significant benefits. Benefits there will be, for Indian and European multinationals but people and the planet will significantly lose from this deal.
The Supreme Court of Netherlands refused to overturn $111.3 million arbitral award levied by the District Court of Hague, finding the Indian government liable for improperly terminating the Devas-Antrix deal in 2011.
India and the EU have set three working groups under the India-EU Trade and Technology Council (TTC). The TTC will deepen strategic engagement on trade and technology between the two partners.
The government is considering the establishment of more bilateral free trade agreements to access broader markets for Cambodia-made products.
With recent developments, it was expected that the trade deal between the two countries would be closed by March 2023, while three to four chapters are still unfinished, which include intellectual property rights and goods that are yet to be discussed.
