New Delhi, March 23 (IANS) India was "ready to talk" with the European Union (EU) on the proposed bilateral free trade agreement, Commerce Minister Nirmala Sitharaman said on Monday.
"I have assured the EU ambassador and ambassadors of individual EU countries that we are ready to talk with the European community. They have been our traditional trading partners," Sitharaman told reporters here.
Negotiations on the FTA, officially dubbed the Broad-based Trade and Investment Agreement (BTIA) between India and the EU, were launched in June 2007 but have been facing hurdles with both sides having differences on crucial issues.
No negotiation was held after both sides failed to bridge disagreements in May 2013 on crucial issues including data security status for the IT sector.
Sitharaman said the agreement had been delayed for a very long time and several rounds of negotiations were held, but did not reach any logical conclusion.
"This was stated by great concern and worry by the European community ambassador. We did ask the ambassador if their priority is till on an FTA with India, considering there is talk about a trans-Atlantic partnership going on and the ambassador said yes. The EU is looking forward to having an FTA with India and talks would be encouraging," she said.
"We readily accepted and therefore we certainly and definitely want to engage with the EU on that," she added.
Both sides are also yet to resolve issues related to tariffs and movement of professionals.
Launched in June 2007, the negotiations for the proposed Broad-based Trade and Investment Agreement (BTIA) between India and the European bloc has witnessed many hurdles with both sides having major differences on crucial issues.
The EU-India bilateral trade stood at $101.5 billion in 2013-14.
SC quashes Section 66A, says it curbs Freedom of speech
New Delhi, March 24 (IANS) The Supreme Court on Tuesday quashed Section 66A of the Information
Thousands of Rohingya Muslims have made their way into the interior of India from the north-easte
For the devotees of Sanatan Dharma and Lord Shri Ram, the grand event of Prabhu Shri Ram's Pran P
A US government document has worked to increase the heartbeat of Pakistan and China. Though the r
Ever since Hera Pheri franchise's Babu Bhaiya i.e. Paresh Rawal has announced to leave the upcomi
For the past few days, there has been a steady increase in the cases of corona in the country. In
This year floods and landslides have caused great destruction in Pakistan. In the remaining grave
'Hindu women were crying, houses and shops were set on fire. There was fear on every face. The Hi
The Party's national president JP Nadda, who reached Gorakhpur on Monday to participate in the re
Prime Minister Narendra Modi on Friday laid the foundation stone and inaugurated several importan
