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 ...
Free trade talks between EU and India to resume in Jan
The Dollar Business Bureau Even in the absence of FTA between the EU and India, bilateral trade escalated to $97.6 billion (€72.5 billion) in 2014 from $31 billion (€28.6 billion) in 2003 India and the EU are likely to resume discussions on bilateral free trade agreement (FTA) in January, senior EU officials have said. The EU's new ambassador to India, Tomasz Kozlowski, had earlier said that negotiations will take place next month, and a date is being organised for the next India-EU summit, which will be held in the first half of the next year. “The new talks will essentially be a "stock-taking" exercise following up the initial moves made at the November G20 meeting in Turkey, where EU leaders ...
