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Trade deals negotiate thoroughly for bilateral free trade deals
with Canada and the European Union.
With trade on one side, one can not deny that
international relations for every economy are vital. With US President Donald Trump turning hostile
These international relations become stronger towards free trade deals, it will be even more
with trade deals which can result in helping the challenging for Prabhu to strike these deals with
economies to grow. Suresh Prabhu has a long list WTO's tougher norms.
of trade deals which he has to look after.
(Source: http://www.moneycontrol.com/news/business/
He has to prepare himself to negotiate free economy/from-wto-to-trade-deals-3-key-challenges-new-
trade deals with China, Japan and Australia and commerce-minister-is-likely-to-face-2388593.html dated 15th
Sept-2017)
30. EU TO STRENGTHEN ‘STRATEGIC’ TIES WITH INDIA
Ahead of the European Union (EU)-India Sum- summit would be to exploring various ways to
mit (to be held in New Delhi in October), the “deepen India’s strategic relationship with the EU
28-member bloc has hinted that it will broaden its in a post-Brexit world”. Soon after the Brexit vote,
engagement and strengthen strategic and busi- India had said that it wanted to strengthen strategic
ness ties with India.The EU has also indicated that ties with the EU as Britain had “historically been
it will formalise a big-bang action plan on various India’s entry point to Europe”.
bilateral issues at the upcoming summit.
The expert informed the press that the EU
A senior EU official told an Indian broadsheet would soon unveil a white paper on its new-look
over the weekend that the two ‘partners’ would relationship with India in which the new areas of
announce a string of joint declarations at the economic and strategic co-operation would be
summit. The official, who wished to remain mentioned. He said that it would be important
anonymous, revealed that the summit would for both the parties to resolve outstanding issues,
prepare a concrete roadmap for addressing major including the wide-ranging Free Trade Agreement
issues, such as climate change, clean energy, (FTA), in New Delhi.
maritime security, naval co-operation, space
research and combating cyber crime. It is unfortunate that the FTA has proved elusive
so far despite 10 years of negotiations, said the
The official expressed hope that the wide-ranging expert. He insisted that India’s decision to cancel
EU-India partnership would bolster co-operation a multitude of bilateral investment treaties
between India and the Hague-based Europol’s unilaterally heightened the EU’s concerns about
European Cybercrime Centre on counter-terrorism India’s “protectionist attitude” in some sectors.
operations and battling cyber crime. As far as However, the EU leaders in Brussels still believe
bilateral security co-operation is concerned, he that the October summit will cement bilateral ties
stressed that both the EU and India were eager to in the post-Brexit world.
expand the scope of “counter-piracy dialogue to
maritime security”. (Source:- https://inserbia.info/today/2017/09/eu-to-strengthen-
strategic-ties-with-india/ dated 18th Sept-2017)
Meanwhile, a top EU expert on foreign policy
said that one of the major goals of the upcoming
49 August-September-2017
