India, EU To Resolve FTA Issues Soon: Reports

Posted By: Religare
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The Indian Government has said that Commerce and Industry Minister Nirmala Sitharaman and European Union Commissioner for Trade Cecilia Malmstrom have met in Paris and discussed various issues including possibility of resuming the long stalled FTA negotiations.

India, EU To Resolve FTA Issues Soon: Reports
As per reports, both the ministers met on the sidelines of an Organisation for Economic Co-operation and Development's (OECD) Ministerial Council Meeting in Paris.

As per reports, both the sides have deliberated upon ways to promote trade and investments besides the proposed Broad-based Trade and Investment Agreement (BTIA) and WTO related issues.

Started in June 2007, the negotiations for the proposed BTIA have seen many hurdles with both sides having major differences on crucial issues like intellectual property rights, duty cut in automobile and spirits, and liberal visa regime.

Before this meeting, senior officials from both the sides had met twice so far this year to resolve the contentious issues.

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