Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-09-27-Speech-3-263"
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"en.20060927.21.3-263"2
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"Mr President, the size and dynamic rate of growth make India an important trading and economic partner of the Union.
As we all know, India is the only large, dynamically developing economy in Asia where the European Union has a leading position in terms of foreign trade and outgoing foreign investments. Nonetheless, bilateral trade is uneven, as India is only the Union's tenth trading partner.
At the same time, however, it should be stressed that India is the biggest beneficiary under the Generalised System of Preferences, with preferential access to the Union's market.
Despite the spectacular increase in bilateral cooperation, the volume of trade and investments is below the current potential. In my opinion, the results of exploratory contracts on a bilateral trade and investment agreement are a positive development. However, an actual agreement will depend upon strong political will on both sides. Under no circumstances, however, should such a bilateral agreement be interpreted in terms of a negation of our attachment to multilateralism. Within this framework, attention will need to be paid, among other things, to the high import duties and extensive technical barriers maintained by India.
Issues of common interest, such as more effective protection for intellectual property and geographical indications are especially important.
Finally, one important parameter of the broader strategic partnership is further support for synergies in the sector of science and technology. In addition, as the Commissioner mentioned, the prospects for strengthening intraregional relations between the Union and the South Asian Association for Regional Cooperation need to be investigated and broadened.
To close, I should like to congratulate Mr Karim on his creative contribution to the work of the Committee on International Trade and the European Parliament in general."@en1
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