Welcome to Best GS Bytes!!! Best GS Bytes Nurtures and Enriches Your UPSC-IAS Preparations with Ready-to-Grasp Current Affairs Articles and Content, Follow Best GS Bytes on Daily Basis. Best of Luck! For UPSC-IAS 2020 Prelims... Stay Home and Stay Safe * Defeat COVID-19 * EU & India Relationship, Current Affairs 2020, Read Here | Best GS Bytes

Editorial Analysis: Deepen the partnership with the European Union

India-EU Partnership

Approx Read Time: 4 minutes 

India and post-Brexit EU and Britain:

  • Brexit is over and done with.
  • India will need to review its policy both towards Britain and the European Union (EU).

India and Britain before Brexit:

  • For several years, Britain’s attraction was as a most convenient platform to do business in Europe.
  • Britain had an outsized influence on EU’s policies towards India, claiming a familiarity with its former colony that other member countries lacked.
  • These had started diminishing over the past decade.

India and Britain after Brexit:

  • London will no longer be a critical capital in Indian calculations.
  • But Britain will retain its attraction as one of the most important global financial markets and as a centre of technological innovation and knowledge.
  • It will be an opinion leader in the Anglo-Saxon world.
  • Relations with Britain will lose some salience, and relations with Britain will need to be reframed with a narrower, more bilateral focus.
  • India should seek a recalibrated but strong relationship with London.

Post-Brexit EU:

  • EU, without Britain, would be weaker in some ways but could also gain in coherence.
  • As an EU member, Britain provided its strongest link with the United States (US) and resisted more independent European initiatives such as in defense and foreign relations.
  • With Britain gone and the US under Trump dismissive of the EU and of NATO, it is likely that Europe will begin to look at a more cohesive and relatively independent international role.
  • This, at a time when its relationship with China is also undergoing change, due to anxiety over China’s predatory investment in European strategic assets such as ports and logistic hubs.

India-EU Partnership

Opportunity for India-EU strategic partnership:

  • This provides an opportunity for India to revive its strategic partnership with EU.
  • Strategic partnership which was earlier announced in 2004 fell short of expectations due to two main factors:
    1. EU prioritizing relations with China, which was seen as a bigger economic opportunity than India.
    2. Europe’s inward turn in the aftermath of the global financial and economic crisis of 2008.
  • There is today a more congenial environment to revive the partnership.
  • An early opportunity to provided momentum in this regard will be during Prime Minister Narendra Modi’s visit to Brussels in late February.

Trade and investment agreement must be prioritized:

  • Negotiations on trade and investment agreement must be resumed with a clear political direction from leaders on both sides to conclude a pact speedily.
  • If the economic pillar of the relationship is weak, then the strategic partnership cannot be sustained.
  • Both sides will need to shed the growing protectionist tendencies in their countries.

India and the EU also have many convergent interests:

  • India and the EU also have a convergent interest in a multilateral rule-based international trade and investment regime embedded in a reformed World Trade Organization (WTO).
  • Convergence in interests is also in other domains such as the climate crisis, cyber security, peaceful uses of space, international terrorism and non-proliferation of weapons of mass destruction.
  • Both are also multi-ethnic, multi-religious, multi-lingual and multi-cultural plural democracies.
  • There is every reason for the two sides to engage in a broad-based dialogue to promote a multilateralism and rules-based regimes.

A stronger relationship will not be easy to achieve:

  • Criticism of Indian policies in European civil society, parliament and media may put Indian diplomacy on a defensive mode.
  • This could prevent leveraging of the substantial and mutual opportunities which are emerging in a changing global landscape.
  • There is a danger that both sides may settle for a transactional relationship, while downplaying shared values and affinities.

Conclusion:

  • India has always supported and even cheered European unity because this would enable the EU to emerge as an independent pole in a multilateral order. This role has become even more important today.
  • A strong India-EU partnership can help shape a more balanced, more democratic and peaceful international order with stronger multilateral institutions and multilateral processes to tackle global challenges.
  • This relationship has compelling reasons to move forward to a much stronger one.

Also Read: Editorial Analysis: It will take global cooperation for us to save the world’s rivers

Similar Read: European Parliament approves Brexit deal

Like us on Facebook: Best GS Bytes

Enjoyed the Article???

Click on a thumb to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Leave a Comment