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India offered proposals for a free trade agreement (FTA) with Europe but a lot of work remains to be done, a European Commission spokesman said. Both sides have already offered to cut tariffs on 90 percent of goods in terms of volume.
If a kid asks where rain comes from, I think a cute thing to tell him is "God is crying." And if he asks why God is crying, another cute thing to tell him is "Probably because of something you did."
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we'll have more tea in Europe now! :lol:
What are you talking about?
We will have less food in Europe now!!! :evil:
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that would be a good experience for both sides. Indian producers will have an incentive to produce more as exports will be made easier. Europe will benefit of a wider range of Indian products
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This FTA will give advantages to european companies that have their production in India
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I don't think we need new products in Europe. The market is overload with all kind of products from all over the world, it will only advantage India and the European producers from India (which are mostly from UK).
If a kid asks where rain comes from, I think a cute thing to tell him is "God is crying." And if he asks why God is crying, another cute thing to tell him is "Probably because of something you did."
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Past experiences show that such agreements offer to transnational corporations more freedom to exploit workers shaping the national and global economy to suit their interests. In simple terms it removes all restrictions on businesses.
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Transnational corporations are very strong. They have the power of almost a government. If a transnational corporation gets richer, the country it carries out its activity in is only becoming richer.
If a kid asks where rain comes from, I think a cute thing to tell him is "God is crying." And if he asks why God is crying, another cute thing to tell him is "Probably because of something you did."
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a government can nationalize the industry used by certain transnational companies and their business would be ceased. That's why these enterprises are not stronger than governments.
Take a look at what happened to Venezuela, after oil nationalization.
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Can you imagine one day turning on the TV and hearing the news that MIcrosoft has been nationalized by the Bush governmetn?!
That would be funny :-)
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At least they’ll be able to cut down their debt, which is increasing tremendously since the Iraq story
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Does it mean that India will be the competitor of giant China if India enter on a free trade zone in EU?
uper