At a time when the bilateral trade in goods between India and the European Union was € 40 billion, when India exported € 3.8 billion worth of services to EU, and when EU was India’s largest source of foreign direct investment; or in short when there were healthy trends in bilateral trade and investment between the two, the seeds of a High Level Trade Group (HLTG) were sown during the 2005 India-EU Summit to explore ways to give further boost to trade and investment between the duo. Different platforms were thought over during the brainstorming discussions by the HLTG. It was commonly agreed upon during the discussions that only after the removal of non-tariff obstacles to trade could the dream of strong trade ties be built. It was finally recommended that a broader platform for expanded trade ties be inculcated through the negotiations of a broad-based Bilateral Trade and Investment Agreement (BTIA). The India-EU BTIA talks have since then discussed issues related to trade in goods and services, sanitary & phyto-sanitary measures, intellectual property rights, technical barriers to trade, dispute settlement, customs and trade facilitation and procurement among others.
