Suwarna J. Choudhary

India's Trade Relations with European Union Suwarna J. Choudhary

India is one of the first country who developing relation with the European Union. The EU is India?s largest trading partner accounting one-fifth share in both export and import. Several agreements have been signed between the EU and India in the past few years, resulting in even more imports and exports, both of goods and services. This book analyses the trade relations between India and the European Union during 1990 to 2005. Chronology of Indo-EU trade since 1990 and different agreements to boost bilateral trade have been analysed in detail in this book, the comparison between India and EU, concerned to economy, currency, foreign trade etc. In conclusion there is no need for India to feel intimidated by the magnitude of the single market or its importance in world trade. Outside the developed world, India will remain one of the world?s two or three largest and still expanding imports markets. India?s principal needs are advanced technology and range of India?s requirements will command the competing attention of rival suppliers. This would give India sufficient bargaining strength. Finally some suggestions are noted for improvement of India?s trade relations with EU.