India to start FTA talks with Eurasian Union soon
The Dollar Business Bureau India hopes to soon begin formal negotiations for a free trade agreement (FTA) with the five-member Eurasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia), with an aim to bolster commerce and investments. A joint study group has already submitted its report on the viability of an FTA with the Eurasian Economic Union (EEU) members. And India, in turn, has submitted its comment on the report, Commerce Minister Nirmala Sitharaman said. "Their comments are awaited. The individual countries (of the EEU) will have to look at the report. The moment their comments come in, from there we can start...So a concrete major step will be to start actual negotiations...we hope to start that process," she told PTI in an interview. The Commerce Minister had ...
India EU summit in first half of 2016: EU
Source: PTI India and the European Union will hold their long-pending summit in the first half of next year and resume negotiations on a free trade agreement, in efforts to bring back the relationship back on track. Newly-appointed ambassador of European Union Tomasz Kozlowski said the issue of European Union restricting sale of around 700 generic drugs clinically tested by India's GVK Biosciences does not stand anymore and both are now set to open a “new page” in their ties. FTA talks between the two sides will be held in January. “The summit meeting will be held in first half of 2016. We are now working on mutually convenient dates for the summit,” he told reporters while describing India an engine ...
