Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-23-Speech-1-175"
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"en.20090323.20.1-175"2
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"India is a country of contrasts. Its global image has been influenced by overpopulation, poverty (80% of the Indian population live on less than USD 2 a day) and disease. Recently, progress in the field of economics has helped to turn India into a leading global economy. However, India’s contribution to progress in the fields of medicine, technology and space research is in contrast to the shortages of food and clean water which affect the country.
The EU is India’s biggest foreign investor and trade partner. In 2007, EU investment amounted to 65% of all investment in India. India’s investment in the EU has also risen, many times over, during the last few years. The EU should focus on ensuring a multilateral trade system, based on certain principles, as set out by the WTO, which offers the best opportunities for fair and honest international trade.
However, we should stress the fact that India needs to combat the large-scale problem of hunger in terms of global hunger indicators, India ranks 66th out of 88 countries. India, which is a global nuclear power, has not signed the Nuclear Non-Proliferation Treaty, either. Another worrying issue is the problem of child labour, with children generally having to work in dangerous and unhealthy conditions.
Clauses concerning human rights and democracy should constitute a fundamental part of any free trade agreement signed with India. We must also ensure that social and environmental agreements and standards are respected."@en1
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