India Should Seek Reciprocity From EU in Giving Greater Market Access in Medical Devices Under FTA: GTRI

The Ongoing India-EU FTA Negotiations on Medical Devices Are Asymmetrical

- 

NEW DELHI: India should seek reciprocal concessions from the EU under the proposed FTA in the medical devices sector to promote its exports, economic think tank GTRI said on Sunday.

India charges zero to 10 percent tariffs on most medical devices and a duty cut by India on medical devices without addressing EU’s regulatory challenges will result in low exports but large-scale imports from EU.

“To achieve a fair trade deal, India must demand reciprocity. India should cut tariff on medical devices only if the EU reduces its non-tariff barriers,” the GTRI said.