One of the EU`s main objectives in its trade relations with India is to work towards a strong, transparent, open, non-discriminatory and predictable regulatory and trade environment for European companies that trade with India or invest in India, including the protection of their investments and intellectual property. The aim is to contribute to the development of the untapped potential of two-way trade between the EU and India. The dialogue on trade and investment, which is to be conducted between The Minister of Trade, Mr Piyush Goyal, and the European Trade Commissioner, Phil Hogan, should give a boost to the negotiations on the bilateral agreement on trade and investment (BTIA), as it is called the EU-India Free Trade Agreement, which have not resumed despite several commitments made by the heads of state and government, notably at the last EU-India summit in 2017. The EU has trade agreements with these countries/regions, but both sides are now negotiating an update. The fourth EU Implementation Report (other languages), published in November 2020 and preceded by the preface by DG Commerce Director-General Sabine Weyand (other languages), provides an overview of the results achieved in 2019 and the remarkable work for the EU`s 36 main preferential trade agreements. The accompanying staff working document provides detailed information in accordance with the trade agreement and trading partners.  Asit Ranjan Mishra, “India cancels EU trade negotiations on the ban on pharmaceuticals,” Live Mint, 6 August 2015, available at www.livemint.com/Politics/JtJwcwhXDZz4c01D9DGk5I/Govt-cancels-trade-negotiatorlevel-meet-with-EU.html (mishra: “India cancels EU trade negotiations on the ban on pharmacy↩ In order to reach agreement on a free trade agreement in a difficult economic context, despite differences between EU and India negotiating plans. The challenges and constraints are not insurmountable. Given the reluctance of both parties to accept the other`s demands, they should first begin negotiations on less difficult areas. This will show a willingness to return to the negotiating table and send a clear signal that both sides want to continue talking. It is important for India to overcome its siege mentality, commit to institutional reforms and face special domestic policy interests.
There will be a long way to go to reach an agreement that will bring mutual benefits to the EU and India, but despite some missed delays, it is not unattainable. For more information on the EU-India strategic partnership, including trade and investment, see the EU`s new india strategy, adopted on 20 November 2018, as well as the Council`s conclusions.  See Gasiorek et al., “Qualitative Analysis of a Possible Free Trade Agreement”; Ecorys et al., “Trade Sustainability Impact Assessment for the FTA between the EU and the Republic of India,” report for the European Commission`s Trade Directorate, reference. TRADE07/C1/C01 – Lot 1, Rotterdam, available at trade.ec.europa.eu/doclib/docs/2009/june/tradoc_143372.pdf.↩ “The Heads of State and Government have expressed their willingness to move towards a comprehensive free trade agreement and an investment protection agreement, and we will announce a new dialogue that will give political impetus to these efforts,” said THE US.