name any three commodities with which the Europeans started trade in India?
Answers
EU-India trade negotiations
Negotiations for a comprehensive Free Trade Agreement (FTA) between the EU and India were launched in 2007 and suspended in 2013 due to a gap in the level of ambition between the EU and India. The EU remains committed to working towards an ambitious, comprehensive and balanced agreement FTA with India that responds to each side's key interests and is a win-win.
The EU continues engaging with India to ensure that such an agreement is economically meaningful, delivering real new market openings in all sectors to both sides, contains a solid rules-based component, and includes a comprehensive trade and sustainable development chapter, notably in order to deal with social and environmental impacts. Meanwhile, the EU is ready to consider launching negotiations on a stand-alone investment protection agreement, which would increase legal certainty for investors on both sides.