Europe and India pursue talks on free trade
Ahead of the European Union – India summit which will take place in Delhi on February10th, Catherine Ahston, E.U.’s high commissioner for Foreign Affairs arrived today in New Delhi with the aim of boosting the long expected free exchange trade deal between the EU and India. As part of the discussions will be sensitive issues such as reducation of import taxation especially on cars, fine wines and spirits.
France in particular is seeking that India recognizes officially more than ”controlled designation of origin”, a initial significant step being made last year when India recognized designations such as champagne and cognac. The sensitive imbalance on customs taxation (91% tax on European products imported in India and 95% tax on Indian products exported to Europe, especially in the case of textiles.