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In 2004, India and European Union became "Strategic Partners". A Joint Action Plan was agreed upon in 2005 and updated in 2008. India-EU Joint Statements was published in 2009 and 2012 following the India-European Union Summits. [7] EU-India relationship [8] has been qualified as high on rhetoric [9] and low on substance. [10] [11] [12]
India's extensive contribution to the War on Terror, coupled with a surge in its economy, has helped India's diplomatic relations with several countries. Over the past three years, India has held numerous joint military exercises with US and European nations that have resulted in a strengthened US-India and EU-India bilateral relationship ...
A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members. The key difference between an FTA and a PTA is that PTAs have a positive list of products on which duty is to be reduced, while an FTA uses a negative list ...
This mismatch has led to a spate of non-tariff barriers, anti-dumping duties, and investigations initiated by several markets including the U.S., India, and the EU. Clean energy is an area ripe ...
The European Union (EU) is a political and economic union of 27 member states that are party to the EU's founding treaties, and thereby subject to the privileges and obligations of membership. They have agreed by the treaties to share their own sovereignty through the institutions of the European Union in certain aspects of government.
Indian Ocean Commission (IOC), intergovernmental organisation linking several African Indian Ocean nations; I2U2 Group also known as West Quad is a grouping of India, Israel, the United Arab Emirates, and the United States who aim to cooperate on "joint investments and new initiatives in water, energy, transportation, space, health, and food ...
The OCTs are not subject to the EU's common external customs tariffs [20] but may claim customs on goods imported from the EU on a non-discriminatory basis. [21] They are not part of the EU and the EU acquis does not apply to them, though those joining OCTA are required to respect the detailed rules and procedures outlined by this association ...
The European Union (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. [9] [10] The Union has a total area of 4,233,255 km 2 (1,634,469 sq mi) and an estimated total population of over 449 million.