The latent potential of the India-EU strategic partnership is deterred due to a slew of factors. Elaborate.
Introduction
India-EU relationship is based on complementarities shared by both which include plural society, market-based economy and democratic polity.
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Main Body
India-EU relationship is based on complementarities shared by both which include plural society, market-based economy and democratic polity. The relationship has vast potential as – - Economic engagement – JOGBUSD FDI 2020 cooperation in science & technology cooperation with UK on innovative as – Horizon 2020 with France on climate change - Strategic cooperation – as geopolitical union of India and France, connecting as – IMEC, blue dot network – People to people engagement – 2-4 million, per capita of Indian origin in the region. However, the relationship is deterred due to factors on – 1. Poor economic engagement – India is
in lower bracket partner – Free trade Partnership negotiations stalled. 2. Political reasons – EU stands has been vocal in raising human rights issues in Kashmir as letter Citizenship Amendment Act which are sensitive issue for India. 3. IPR issue – where EU demand sticks IPR right protection in India for its investment. 4. Connectivity issue – It also acts as a hurdle in realization of full economic potential. 5. New carbon sleds taxes proposed by EU will significantly impact India export to EU market on – Steel export. 6. Lack of figment & genuine engagement – also delays the dialogue & discussion on key issues. Steps taken to resolve potential – 1. Recent Trade & Economic Partnership against with 4 EU nations as – Norway, Sweden, etc
Conclusion
Further steps can be taken – Speedy negotiation on PTA, Address political concerns of each other, more political engagement on a periodic basis, work on connecting solution, and Cooperate on emerging issues as AI, 5G, Renewable energies.
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UTKARSH PATHAK
Effect of Policies of Developed/Developing Countries and Indian Diaspora
International Relations
India-EU Relations
365
Total words
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Paragraphs
formal/analytical
Tone