YOUR GOODS ALL OVER THE WORLD: FOCUS ON INDIA
As India’s 3rd largest trading partner, the European Union will account for a quarter of India’s exports in 2021, while India will rank tenth in terms of European imports. International trade between this country and the rest of the world has increased by 21.4% in 2022 and is continuing to grow. The announcement of the creation of a logistics corridor between India and the EU should boost this trade, while a trade agreement is still pending.
OUR SERVICES ON INDIA
Balguerie has been present in India for over 20 years, with a network of local agents at all the main ports and airports. Our teams offer specific services to meet the needs of all business sectors.
- Sea, air and multimodal logistics
- Handles both import and export shipments
- Weekly departures from all major Indian ports for imports and from France for exports
- Weekly service from India to all European countries
- Door-to-door service
- Groupage and consolidation
- Local expertise
- Real-time tracking of your goods
- Information monitoring
Our customs expertise, approvals and certifications mean we can take care of your customs declarations and clearances, providing you with complete logistical support.
EU-INDIA: AN EXPANDING ECONOMY
There is a real desire on the part of the Indian and French governments to develop business and, consequently, logistics, which will become more pronounced in the years to come with trade exchanges and agreements between the two countries.
The recent announcement of the creation of a logistics corridor between India and the EU, known as the IMEC Project, is expected to boost trade by around 40%. France should be an integral part of this project, including the port of Marseille-Fos, with the aim of positioning the port as the main entry and exit point for this future corridor.
FREE TRADE AGREEMENT
Initially launched in 2007 and then suspended in 2013, negotiations on the free trade agreement (FTA) between India and the EU resumed in June 2022. To date, however, the agreement remains on ice, with certain points of disagreement still outstanding. Negotiations are still open, but the agreement is not expected to be concluded in the short term.
