EU changes tack, eager to put free trade pact negotiations on fast track

Indronil Roychowdhury
Posted: Saturday, May 17, 2008 at 2301 hrs IST
Updated: Saturday, May 17, 2008 at 2301 hrs IST

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Kolkata, May 16: of the EC.

“The agreement would be the stepping stone for both the sides to go for an open skies policy but for this the EU will have to obtain a mandate from the member states”, Smadja said.

She said that if the open skies policy comes in place, all the existing bilaterals between India and the member states would cease.

While EU is India’s largest trading partner accounting for 18.9% of India’s total foreign trade, India is EU’s ninth trading partner accounting for 1.8% of its total foreign trade. EU-India trade has grown by an average of 13.6% annually between 2002 and 2006....

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