Home / Knowledge / News / Textiles / India, EU to resume FTA talks
India, EU to resume FTA talks
17
Dec '15
A long-pending India-European Union summit is likely to be held in the first half of next year even as the two sides are set to resume negotiations on a free trade agreement in January to bring relations back on track.

“The summit meeting will be held in first half of 2016. We are now working on mutually convenient dates,” the EU's new ambassador to India, Tomasz Kozlowski told reporters in New Delhi.

Negotiations to conclude the long-pending India-EU FTA or Broad-based Trade and Investment Agreement (BTIA) have been in cold storage since 2013. Talks were scheduled to resume in August this year, but India called them off following a ban on sale of drugs tested by Hyderabad-based GVK Biosciences.

But Kozlowski insists the ban issue does not stand any more and both sides are now gearing up to open a “new page” in their bilateral ties. And this, he said, will be marked by the holding of the India-EU Summit when leaders from both sides will meet. The last summit was held in 2012.

Describing India as an engine of growth for the global economy, the EU envoy said, the FTA talks remained inconclusive for so long because both sides were not “satisfied” with the offers made under the talks. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search