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KDI 경제정보센터

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  • Economic

    Information

    and Education

    Center

최신자료
India’s FTA with the EU: opportunities and challenges in services sector
UNESCAP
2024.02.13
This study uses both quantitative and qualitative approach to explore the opportunities and challenges for India under a probably India-EU FTA. Using disaggregated data over 2010-2021, we construct different trade indicators, to identify these potential markets and services, prospects of which can be further explored in the India-EU FTA. Legal text analysis of analogous FTAs that EU and India have signed with developing and developed partners respectively was also undertaken to better understand the style to the negotiations, language of legal texts and commissions/restrictions offered by these countries to their respective partners.
The analysis discovers the services sectors in which India has strategic export interest in the EU region, namely, Technical and Trade related services, Research and Development related services and Transport services. The major sectors which need careful negotiations such that India can improve its services balance and put to good use its bilateral RCA are Computer and Information services, Professional and Management services and Travel. Charges for use of intellectual property, Telecommunication and Insurance and Pension services could be other areas for consideration which at present do not experience significant esports from India to the EU but have the potential for significant gains under a liberalized regime.
The broad scope of this study is to analyze the opportunities and challenges for India’s services industry under an FTA between India and the EU and provide suggestions for India’s negotiation approach.