ID :
134435
Sat, 07/24/2010 - 04:36
Auther :
Shortlink :
https://oananews.org//node/134435
The shortlink copeid
India, EU to hold series of meetings on FTA in Brussels in Aug
FTA
New Delhi, July 23 (PTI) In a renewed effort to conclude
negotiations on the India-EU free trade pact by the end of
2010, both sides will engage in a series of meetings next
month at Brussels, the European Union headquarters.
"In the last week of August, chief negotiators are
meeting in Brussels... (around the same time) Indian Commerce
Minister Anand Sharma and the EU Trade Commissioner Karel De
Gucht will meet on the margins of an international meeting in
Vietnam," the Head of the Delegation of the EU to India,
Daniele Smadja, said.
At a Ficci function, Smadja said that several sectoral
meetings would also be held between the officials.
Despite the fact that there were several issues to be
ironed out, both the sides are aiming to conclude the FTA
talks by the end of 2010.
"We hope we will keep that date (of concluding the
talks)," she said.
The 27-member EU had been insisting for inclusion of
non-trade issues like child labour and environment in the
trade pact, which was strongly opposed by India.
So far nine round of talks have been completed.
India and its largest trading partner -- the EU -- have
been negotiating the market-opening pact since June, 2007, to
give a boost to bilateral commerce of around USD 82 billion at
present.
According to a Ficci-Grant Thornton report released
today, the pact is expected to improve market access for goods
and services.
It said bilateral trade is expected to exceed Euro 70.7
billion (USD 91.4 billion) by 2010 and Euro 160.6 billion (USD
207.6 billion) by 2015.
The ambassador said the proposed comprehensive trade
agreement will bring about more predictability in bilateral
investment relations.
On the services sector, Smadja said the EU was looking
into the demand of India to liberalise visa norms for its
professionals. PTI RR
MYR
The information contained in this electronic message and any attachments to this
message are intended for the exclusive use of the addressee(s) and may contain
proprietary, confidential or privileged information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please notify
the sender immediately and destroy all copies of this message and any attachments
contained in i
New Delhi, July 23 (PTI) In a renewed effort to conclude
negotiations on the India-EU free trade pact by the end of
2010, both sides will engage in a series of meetings next
month at Brussels, the European Union headquarters.
"In the last week of August, chief negotiators are
meeting in Brussels... (around the same time) Indian Commerce
Minister Anand Sharma and the EU Trade Commissioner Karel De
Gucht will meet on the margins of an international meeting in
Vietnam," the Head of the Delegation of the EU to India,
Daniele Smadja, said.
At a Ficci function, Smadja said that several sectoral
meetings would also be held between the officials.
Despite the fact that there were several issues to be
ironed out, both the sides are aiming to conclude the FTA
talks by the end of 2010.
"We hope we will keep that date (of concluding the
talks)," she said.
The 27-member EU had been insisting for inclusion of
non-trade issues like child labour and environment in the
trade pact, which was strongly opposed by India.
So far nine round of talks have been completed.
India and its largest trading partner -- the EU -- have
been negotiating the market-opening pact since June, 2007, to
give a boost to bilateral commerce of around USD 82 billion at
present.
According to a Ficci-Grant Thornton report released
today, the pact is expected to improve market access for goods
and services.
It said bilateral trade is expected to exceed Euro 70.7
billion (USD 91.4 billion) by 2010 and Euro 160.6 billion (USD
207.6 billion) by 2015.
The ambassador said the proposed comprehensive trade
agreement will bring about more predictability in bilateral
investment relations.
On the services sector, Smadja said the EU was looking
into the demand of India to liberalise visa norms for its
professionals. PTI RR
MYR
The information contained in this electronic message and any attachments to this
message are intended for the exclusive use of the addressee(s) and may contain
proprietary, confidential or privileged information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please notify
the sender immediately and destroy all copies of this message and any attachments
contained in i
