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| Title: |
Economic growth without social justice: EU¬India trade negotiations and their implications for social development and gender justice |
| Author: |
Christa Wichterich, with input by Yamini Mishra and Pam Rajput.
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| Date Published: |
October 6, 2007 |
| Source: |
WIDE publication |
| PDF: |
Economic growth without social justice: EU¬India trade negotiations and their implications for social development and gender justice  |
| Abstract: |
The bilateral FTA is supposed to prepare the ground for a “strategic partnership” in trade and investment, India is still a major recipient of EU development aid. The Country Strategy Paper for India 2007-2013 provides 470 million euro for both economic and development co-operation. But in the past decade Indian economic growth rates rank second in the world, UNDP ranked India’s human development at 126, gender-related development at 96 in its global comparison. |
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On 28 June 2007 negotiations on a bilateral trade and investment agreement between India and the EU were launched in Brussels. The negotiations have to be seen in the context of fast-changing global economic relations and the growing significance of the emerging markets in Asia. Both sides consider an export-led and free-trade-oriented strategy a powerful driver of economic growth, development, and employment. India is in the process of adopting in a “grand leap forward” the liberalisation model, enhancing its export industries in manufacturing and information technologies, and its access to foreign markets. It has already become an important production base and outsourcing destination for EU operators. The EU wants to maintain its competitiveness in the world economy by gaining access to the large Indian market, expanding investment, the export of goods and services, and ensuring favourable trade rules and regulations. |
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