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India and EU Trade Talks Set To Resume
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Representatives from the EU and India will meet in mid-November in New Delhi to try and kick-start long stalled trade talks. Officially termed the Broad Based Investment and Trade Agreement, the respective negotiators will be looking to conclude a broad and comprehensive free trade agreement, talks on which began in 2007. India and the EU have been strategic partners since 2004 and October saw the 14th India-EU summit where other areas of bilateral and regional importance were discussed. However the trade talks have been delayed by a number of issues.


Problem Areas

The trade talks...

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Indian Engineering Exports to China Surge 123%
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The April-June quarter of the current fiscal year saw India register a huge increase of 123% in the export of engineering goods to China. In figures released by the trade body EEPC India this equated to $629 million, up from $282 million in the comparative quarter of the previous fiscal year. This notable increase was driven by the rise in exports of non-ferrous metals, which in June alone saw a staggering 971% increase on the same month of the previous year from $14.75 million to $158 million.


Trade Deficit

The importance of these figures becomes more evident when considering...

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Why a review on the export target in India has to be done
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Trade is a major contributor to the Indian GDP. Exports, in particular, make up to 20% of the GDP. The export of goods and services has created numerous job opportunities: Approximately 50 million sells abroad are said to create over 1 million jobs. In 2020 the exports from India were estimated to hit 900 billion. This target mark might not happen for some reasons. This is why the government is reviewing the export targets.

Global challenges have been said to affect the 2020 target of 900 billion. Experts also say it will be hard to even gather 750 billion from exports. Just like...

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