SME Times is powered by   
Search News
Just in:   • MSMEs will play a key role towards ‘Viksit Bharat’ goal: NK Singh  • India’s engineering goods exports touch all-time high of $116.7 billion in 2024-25  • Trade minister vows all-out efforts to boost foreign investment, reshoring firms  • Solid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath  • India, as fastest growing economy, is ideal investment destination: RBI Governor 
Last updated: 27 Sep, 2014  

India.EU.9.Thmb.jpg India, EU to speed up talks on trade pact

India.EU.9.jpg
   Top Stories
» India’s engineering goods exports touch all-time high of $116.7 billion in 2024-25
» India, as fastest growing economy, is ideal investment destination: RBI Governor
» India’s forex reserves on way to reclaim all-time high of $704.8 billion
» Centre notifies new rules for GST Appellate Tribunal
» India’s steel industry poised for global growth, focus on FTAs and self-reliance: Piyush Goyal
SME Times News Bureau | 26 May, 2010
India and the European Union (EU) will fast-track the ongoing negotiations for a market opening trade and investment pact to reach an agreement within the next few months.

India's commerce secretary Rahul Khullar and European Commission's Director General for trade David O’ Sullivan Tuesday discussed trade in goods and services, matters relating to intellectual property rights and non-tariff barriers to trade.

"EU's expectation on high level of liberalisation by both sides was discussed along with India’s desire to have an agreement which reflects a balanced outcome, considering the difference in the level of development of India and EU," an official statement said in New Delhi.

The two sides also called for "intensified interaction" at the expert level in the weeks to come.

"It was also agreed that a ministerial-level stock-taking could take place at a suitable time in the near future after substantial progress has been made at the expert-level," it added.

Negotiation between India and the EU for a free trade agreement started in June 2007 covering a range of areas like trade in goods and services, customs cooperation & trade facilitation, dispute settlement, competition and IPR, etc.

The FTA which was aimed at removing or reducing import duties and making bilateral investment flow easy was to conclude in 2009.

India's trade with the EU has grown by 16 percent annually and now stands at $106.4 billion. As a bloc, the EU is India's largest trading partner.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter