Subject: Re: EU-India Mother of Trade Deals
The EU doesn't think it's industrial base will be hollowed out as companies seek cheaper wages?
Some will. However, it depends on the industry. Appropriate tariffs will offset some of it, but it also depends on which industries are expanding in the EU that are either irrational or impractical to relocate. Access to specialized tech may not be available in India--which may not be cost-effective (or even possible) to recreate or expand in India. I have seen that problem when building capital equipment. Locally--available. Elsewhere? NOT much.