India is currently negotiating a Free Trade Agreement with the European Union, which includes not only liberalization of commodity trading, but also a wide range of chapters including deep services trade liberalization, full investment liberalization, and stricter IPR conditions than the TRIPS norms. As trade is an engine of growth and development, India’s trade policy has many goals to meet. India shows high poverty level, increasing income and social inequalities as well as deep seated gender inequalities.

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