Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-378-250"

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"en.20110511.28.3-378-250"2
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"I voted in favour of this important resolution on the state of play of the EU-India free trade agreement negotiations. India is an important EU trading partner: in 2000, India was the European Union’s 17th most important trading partner, and by 2010 its eighth. Furthermore, India is the largest beneficiary in the generalised system of preferences (GSP), and European Union imports from India by means of preferential tariffs or a zero rate of duty were valued at EUR 19.9 billion and constituted 83% of all EU imports from India. Both parties expect to reap significant benefits from the removal of tariffs, and the liberalisation of trade in services and company start-ups, but I share the disappointment expressed in the resolution as regards the slow rate of progress of negotiations on the free trade agreement (FTA). Both parties must make every effort to ensure that a comprehensive, ambitious and coordinated FTA has been concluded by 2011, because this agreement would be the basis for establishing opportunities to increase EU and Indian trade and investment, and develop business, and the FTA would increase overall exports and imports for both the European Union and India. I agree with the position set out in the resolution that if economic cooperation between the EU and India is based on common universal values, it may become an example for cooperation with other countries."@en1

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