Industry & Economy
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Foreign Trade
`EU non-tariff barriers bar market access for India'
Our Bureau
New Delhi
,
March 28
INDIA has told Luxembourg, which holds the Presidency of the European Union, to address the `serious barriers' of mounting stringency and non-harmonisation of standards, cumbersome and complex rules and frequent use of trade defence instruments that are making EU markets difficult to penetrate.
The Minister of State for Commerce and Industry, Mr E.V.K.S. Elangovan, told the visiting EU Minister for Economy and Foreign Trade of Luxembourg, Mr Jeannot Krecke, that India seeks the initiative and cooperation of Luxembourg in settling the issues of various non-tariff barriers on supposed ground of health and SPS standards that Indian exporters have been facing in the EU.
Mr Elangovan said India was among the world's largest producers and providers of quality services, especially in the software sector. The EU, particularly, Luxembourg with a large aging population, would increasingly need the services of professionals in the fields of health, IT and engineering.
He said that an important step towards facilitating greater engagement in this field would be the removal of stringent restrictions on visa and work permits for professionals and businessmen moving from India to Europe.
Mr Jeannot Krecke listed several areas where Indian and Luxembourg companies could cooperate. These include: iron and steel sector, financial sector and software applications.
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