EU INDIA joint Initiative for Enhancing Trade and Investment
The present project falls within the Asia Investment Facility.
The specific objectives are:
To increase awareness among European and Indian business operators of business conditions and opportunities prevailing in India in the concerned economic sectors; Engineering, Food processing, Information technologies, and telecommunications.
Four new sectors were identified: Financial Services, Biotechnology, Textiles and Energy and Power ;
To outline, from the private sector point of view, a set of measures that would be conducive to increasing EU-India co-operation in these sectors;
To support institutional capacity building and structural reform so as to enhance the benefits arising for India from the DOHA Development Agenda as well as to support the implementation of existing WTO agreements ;
To tap the potential of much enhanced mutually beneficial trade and investment flows between India and the EU and thereby promote the integration of the Indian and EU economies;
To promote awareness at sub-national level, industry, civil society and the public in general of the opportunities for improving trade and investment between India and the EU under a strengthened multilateral system to outline, from the private sector point of view, a set of measures in Europe and in India that would be conducive to increasing EU-India co-operation in these sectors . These measures will be presented at the third EU-India summit in Copenhagen in Nov 2002 ;
To increase awareness among European and Indian business operators of business conditions and opportunities prevailing in India and in Europe in the concerned economic sectors ;
To prepare and facilitate an effective and responsible follow-up action that shall underpin the credibility of the autonomous process set in motion by the Asia Invest-enabled, industry-driven “Joint Initiative”, and as mandated politically at the level of Heads of Government.