Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.
3. The realization of unfulfilled bilateral potential between India and the European Union (EU) is a complex task that depends on addressing challenges and capitalizing on opportunities. Comment. (250 words)
Difficulty level: Moderate
Reference: Insights on India
Why this question:
The question is part of the static syllabus of General studies paper – 2 and mentioned as part of Mission-2024 Secure timetable.
Key Demand of the question:
To write about the need for great cooperation between India-EU in critical areas and ways to achieve it.
Directive word
Comment– here we must express our knowledge and understanding of the issue and form an overall opinion thereupon.
Structure of the answer:
Introduction:
Start with brief background of the context of the question.
Body:
Explain first that after limited economic gains from its FTAs with Asian partners, India is reassessing its FTA options. While a good beginning has been made with the UK, India must also renegotiate with the EU—the bloc is very important for India as far as trade relations are concerned, and an FTA with the EU is, thus, based on sound reasoning.
Discuss that FTAs need to be designed in a manner that they enhance complementarities amongst partners and overcome regulatory hurdles that inhibit trade. Account for potential of India –EU trade relations.
Present the challenges before India in realizing this potential.
Conclusion:
Suggest way forward and conclude.
