India-EU FTA talks set to gather pace
13 years, 4 months ago

India-EU FTA talks set to gather pace

The Hindu  

India and the European Union will undertake intense negotiation over the next four months in an attempt to tie-up the Free Trade Agreement before their next summit in February, EU Trade spokesman John Clancy said in a statement. His latest optimism reflects similar sentiments expressed six months ago when Mr. Tracy listed the same three areas — tariffs, services and procurement — as the main sticking points. The EU would like India to bring 98 per cent of its tariff lines under its ambit whereas New Delhi insists that this process should be asymmetric. With the Union Cabinet having recently approved foreign direct investment in the pension, retail and aviation sectors, a key demand by the EU and the U.S., India is hoping there would be an agreement on some of the options being explored to ensure easier entry into the EU by at least its skilled nationals.

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