India, EU to seek resolving differences over tariff

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Brussels, March 5: : a whopping USD 572 billion. Of this, trade in goods could be around USD 251 billion and trade in services around USD 20 billion, when the agreement is fully implemented.

India exports agricultural products, clothing, chemicals, iron and steel to the EU countries and mainly imports transport equipment and power and non-electric machines.

Though talks have slowed down, EU officials said the negotiations are leading to a better understanding of each others' expectations.

They claimed that India has agreed to negotiate on some issues which it has refused to talk about at the multilateral level.

On common agricultural policy, EU officials expect no major hurdles as there was no real clash of interest given the fact that the profile of the each others' produce and nature of expertise is completely different.

Both the sides are also negotiating agreements on Maritime Transport and Civil Aviation and expect progress and even conclusion of one of the agreements before the next India-EU summit, which could take place by the end of September in France.