• Tuesday, April 23, 2024

Business

European Union hopes to resume Free Trade Agreement talks with India

By: Eastern Eye Staff

  The European Union (EU) is looking at a bilateral summit with India next month that would act as a catalyst for resumption of talks on the free trade agreement encompassing goods, services and mutual investment protection, according to a senior EU official. Talks on the Bilateral Trade Investment Agreement (BTIA) —- the official title of the pact — started in 2007 but have been marred by various flip-flops and disagreements. The discussions have remained deadlocked on issues like tariffs on automobiles and wines and spirits, EU trade officials said. They hoped that the 14th EU-India Summit, likely in early…

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