Source: Business Europe
6 May 2014
In a letter to EU Trade Commissioner Karel De Gucht, BUSINESSEUROPE Director General Markus J. Beyrer highlighted a number of existing key trade and investment barriers with India. These include: high tariffs, additional duties and levies, divergent standards, restrictions to foreign investment, discriminatory access to Indian procurement markets, weak enforcement of intellectual property rights, a very complex customs system, or discriminatory practices applied at Indian federal and sub-federal level. Against the background of bilateral free-trade negotiations being stalled, which means that concluding an ambitious FTA does not seem to be within striking distance, Beyrer called upon the Commission to seek additional avenues to address the issues that hamper European exports to the Indian market.