India- EU FTA talks may see a possible conclusion
The Dollar Business Bureau Nirmala Sitharaman, the commerce minister was optimistic that the government could see a “possibility” of concluding the free trade pacts with the European Union as well as EFTA. EFTA, is a four-member group of countries consisting of Iceland, Liechtenstein, Norway, and Switzerland. Sitharaman told the reporters that, "Yes, there is a possibility (of conclusion of FTAs with EU and EFTA this year) because in several issues they are guided by each other.” She also added, “If there is political will, and if there is a lot of give and take from both the sides the agreement can be reached. And therefore I am optimistic.” The negotiations between EFTA and India got stalled on the Intellectual Property Regime Issue (IPR). Technical ...
Switzerland wants India to restart trade talks with EFTA
The Dollar Business Bureau Switzerland on Thursday urged India to resume talks on the stalled India-EFTA free trade agreement with an aim to reinvigorate bilateral trade between the world’s fastest growing large economy and the EFTA members. “We hope that a new strategic outlook takes place in India, and we resume the negotiations. From our side, it’s a keen interest. Since India is becoming more and more important country, we would hope that we get into a negotiating mode. Switzerland is ready,” said Linus von Castelmur, Ambassador of Switzerland to India. Underscoring that Switzerland always wishes to be India’s natural trade partner, Castelmur said after the new government took charge in May 2014, Swiss Economic Affairs Minister Johann N Schneider- Ammann ...
Business-Technology collaboration key for India-EU trade
The Dollar Business Bureau The collaboration between business and technology transfer is a key element that drives the India-European Union (EU) trade, said a top Commerce Ministry official on Friday. Dammu Ravi, Joint Secretary, Foreign Trade (Europe), Ministry of Commerce and Industry, said, “Make in India will drive collaborations as European companies will start producing in India, as conditions are right for that to happen and to sell goods for global markets.” The Commerce Ministry official was speaking at the inaugural session of the ‘India-EU Business Conclave’, organised by the Associated Chamber of Commerce & Industry (ASSOCHAM), in New Delhi, on Friday. Speaking at the event, the official further said the businesses in India need to adopt technologies in ...
