14. Recognises that services are the fastest growing sector of the Indian economy; notes that India has offensive interests in the liberalisation of Mode 1 and Mode 4 in the General Agreement on Trade in Services (GATS); notes that the EU would like to complete liberalisation of market access and national treatment under Mode 3 in most services; notes that the full ambitions of the FTA cannot be realised without commitments under Mode 4; stresses that there are huge benefits from nationwide and EU-wide accreditation of professional qualifications and agreements on mutual recognition and licensing requirements within professional services in both the EU and India, which could be easily covered by the FTA; requests, nevertheless, that a
...[+++]thorough analysis be carried out in relation to the individual Member States in order to avoid negative consequences for the EU labour market, while permitting, under Mode 4, temporary stays of necessary skilled professionals;