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Rethinking liberalisation of banking services under the India-EU Free Trade Agreement


Document type: report
Download file(s): 157066 (174 KB)
Abstract: The European Union (EU) and India are negotiating a free trade agreement (FTA) which encompasses liberalization and deregulation of financial services. This paper wants to raise policy issues that run much deeper than the current liberalisation debate and consider who will benefit and who will lose from the FTA. This paper first looks at the performance of EU banks in India, especially as compared to the developmental needs of the un-banked and underbanked regions and groups of people in India. Since the financial and economic crisis has highlighted the fact that liberalised and deregulated financial services have damaging effects on a country, this paper also analyses how free trade agreements potentially reinforce rather than mitigate those trends.
Authors: Singh, K. , Vander Stichele, M.
Series Title: SOMO Paper
Country: India
Category: Research
Editor: Reynolds, E.
ISBN: 978-90-71284-45-8
Serial number: September
Keywords: trade , finance , international cooperation
Language: eng
Organization: SOMO - Centre for Research on Multinational Corporations
PAGE: 8
Place: Amsterdam
Publisher: SOMO
Year: 2009
Region: South Asia , Europe
Right: © 2009 SOMO
Subject: Economic Development and Trade
Title: Rethinking liberalisation of banking services under the India-EU Free Trade Agreement