Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-381-500"
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"en.20110511.28.3-381-500"2
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"I endorsed the document because the EU is India’s largest source of Foreign Direct Investment. Both parties expect to secure significant benefits from the elimination of tariffs and the liberalisation of trade in services and company formation, and reaffirm their commitment to tariff reductions and further liberalisation of company formation and trade in services. Market access is being hampered by non-tariff barriers to trade, such as health and safety requirements or technical barriers, quantitative restrictions, conformity procedures, trade defence mechanisms, customs procedures, internal taxation, and a failure to adopt international norms and standards. The EU and India must pledge to speed up FTA talks and to make substantive and efficient progress towards the early conclusion of an ambitious and balanced, broad-based trade and investment agreement. Both parties must make every effort to conclude a comprehensive, ambitious and balanced FTA by the end of 2011. The agreement should respect sensitivities linked to agricultural trade, but this should not prevent market opening in areas of complementarity. The Commission must take due account of any negative impact on European agriculture, particularly in the areas of the opening up of markets, GMOs, milk, beef, intellectual property protection and origin labelling. The Commission should also negotiate effective and transparent procurement systems and India should apply transparent and fair procedures when awarding public contracts and grant European businesses access to public procurement systems."@en1
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