European dream "Something for Nothing" finishing and helping FDI in India

The situation in Europe is as it is and it is results of many years of philosophy "SOMETHING FOR NOTHING", now we know (European) that even best social programs and super promises before all elections are only lies and dreams of politicis and people who voted them. So the question is: Who will SAVE THE EUROPE ?
I think the important thing is that people out of Europe don´t know, that even you sleeping at home and watching TV you get a money, you get a money for  sleeping all day, you get a money for children, so better have a minimum 10 childrens ;-), you get a money for accomodation, education, hospitals, for everything !!! So you could only sleep, lie and do nothing... YES, that´s true, depend on which EU country you could have more than 40.000 -60.000 INR monthly for lie in your bed ... and watching TV ;-)
If you done business in EU, you know how is the real effectiveness of work, and if you don´t know you CAN´T imagine... But pls. don´t idealize the EU.
So, now people are angry, because somebody told them that it is the end of the European dream "Something for Nothing" and will be better to start working and take care everybody for them self ... and how this story finish ?! We will see . . . Mr. Jose Manuel Durao Barroso is hoping that India will be much more liberalize in next few years and this will be helping a lot to EU . . . But India is clever and protect first of all their interests, their business and opening doors in little steps ...


Some facts about EU and India relations:
The EU and India hope to increase their trade in both goods and services and investment through the Free Trade Agreement (FTA) negotiations that they launched in 2007. Negotiations are expected to be concluded in early 2012. 
"Europe is India's largest source of foreign direct investment with a stock of 34.4 billion euros and India's investments in Europe is also fast reaching 7 billion euros. There is scope to grow much more.
"European FDI in India for instance is half the amount of that in China, or a quarter of that in Russia, or a fifth of that in Brazil," European Commission President Jose Manuel Durao Barroso said at a conference 'EU-India: A strategic relationship in an evolving world' organised by FICCI.
EU investment in India is bigger than that of the US and Japan combined, Barroso said.
The European Union is India's first partner in terms of trade and investment - in 2010 the European Union imported over 40 billion Euros worth of goods and services from India.
Overall bilateral trade amounted to 87.3 bn Euros. The first ten months of 2011 showed continued growth in EU trade with India. Exports and imports both grew by 20 per cent between the first ten months of 2010 and the same period of 2011, with exports amounting to 33.4 bn and imports to 33.3 bn.


Europe is also one of India's major partners in the field of economic and development cooperation, particularly in the areas of education and social actions, Barroso said.
"The recent evolution of the trade figures between us is impressive, but there is potential to have much larger flow of goods and investment. In times of global uncertainty, creating such economic anchors is of paramount importance," he said.


Here YOU can download some more information - Economic Indicators between EU and India.

As you can see the coins has a two sides as this  people don´t like FTA

The EU-India FTA
With its combination of rapid growth and relatively high market protection India was an obvious partner for one of the new generation of EU FTAs launched as part of the Global Europe strategy in 2006.
The parameters for an ambitious FTA were set out in the report of the EU-India High Level Trade Group in October 2006, which was tasked with assessing the viability of an FTA between the EU and India. Other studies have reinforced the economic potential of an FTA between the EU and India.


Negotiations for such FTA were launched in June 2007 and, so far, eleven negotiating rounds have been held. The last EU-India Summit took place on 10 December 2010 in Brussels.


EU technical and financial trade assistance to India


To assist India in continuing its efforts to better integrate into the world economy with a view to further enhancing bilateral trade and investment ties, the EU is providing trade related technical assistance to India. €13.4million were allocated through the Trade and Investment Development Programme (TIDP) funded from the Country Strategy Paper (CSP) 2002-2006. At present, the follow-up programme to the TIDP is being designed and will be funded by the Country Strategy Paper 2007-2013.

Posted in: economic, EU, European FDI in India, European Union, FDI, Free Trade Agreement, FTA, Jose Manuel Durao Barroso, save the europe, something for nothing