Question

india and european unioun
type of trade​

Answer 1

Answer:

India and EU are negotiating a broad-based Bilateral Trade and Investment Agreement (BTIA). India is committed to an early and balanced outcome of India-EU BTIA Negotiations.

Relations between the Republic of India and the European Union are currently defined by the 1994 EU-India Cooperation Agreement. The EU is a significant trade partner for India and the two sides have been attempting to negotiate a free trade deal since 2007. Indo-EU bilateral trade (excluding services trade) stood at US$104.3 billion in the financial year 2018–19.

The EU is India's largest trading partner with 12.5% of India's overall trade between 2015 and 2016, ahead of China (10.8%) and the United States (9.3%). India is the EU's 9th largest trading partner with 2.4% of the EU's overall trade. Bilateral trade (in both goods & services) reached €115 billion in 2017 EU exports to India have grown from €24.2 billion in 2006 to €45.7 billion in 2018. India's exports to the EU also grew steadily from €22.6 billion in 2006 to €45.82 billion in 2018,[2] with the largest sectors being engineering goods, pharmaceuticals, gems and jewellery, other manufactured goods and chemicals. Trade in services has also tripled between 2005 and 2016, reaching €28.9 billion. India is among the few nations in the world that run a surplus in services trade with the EU. Investment stocks from Europe to India reached €51.2 billion in 2015.

France, Germany and UK collectively represent the major part of EU-India trade.

Answer 2

India is the EU's 9th largest trading partner with 2.4% of the EU's overall trade. Bilateral trade (in both goods & services) reached €115 billion in 2017 EU exports to India have grown from €24.2 billion in 2006 to €45.7 billion in 2018.