​​​
  1. Talks on India-EU free trade pact in August

Talks on India-EU free trade pact in August

India and the European Union will resume negotiations on free trade agreement (FTA) in August to boost bilateral trade and investment.

By: | New Delhi | Updated: June 30, 2015 1:14 AM

India and the European Union will resume negotiations on free trade agreement (FTA) in August to boost bilateral trade and investment.

“They (EU) have conveyed that they are available for talks in August,” commerce secretary Rajeev Kher told reporters here.

The talks on the FTA — formally known as India-EU broad-based Bilateral Trade and Investment Agreement — have been stalled since May 2013 with New Delhi reluctant to accommodate the EU’s pitch for lower duties on wines, spirits and automobiles, and Brussels not relenting to India’s demands for the ‘data secure nation’ status and easier movement of skilled Indian professionals in Europe.

India is keen to get the ‘data secure nation’ tag because without it Indian IT firms are finding it tough to get greater market access across EU-member countries. India is also looking at increasing its exports of textiles and leather items to EU.

For Updates Check Economy News; follow us on Facebook and Twitter

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top