Key Points
India and the European Union will hold the seventh round of negotiations for a free trade pact in mid-February, covering services and investments. Progress has been made in 18 out of 23 policy areas, and the two sides have resolved differences to prepare for the next round of talks..
India and the European Union will hold the seventh round of negotiations over the proposed free trade pact in mid-February, which will cover matters related to services and investments after discussions on goods and public procurements in previous rounds, two people aware of the development said.I)..
After the round, in the last three-four months, the two sides ironed out several differences and prepared the ground to start the seventh round of negotiations from February 19-23, 2024, in the Indian capital, one of them said..
The EU wants India to remove barriers of trade for its smaller firms, open up services and Indian public procurement market, which is being negotiated on the principles of reciprocity and equity while protecting interests of domestic micro, small and medium enterprises (MSMEs), the second person said..
The EU and India had first launched negotiations for a free trade agreement in 2007 before the talks were suspended in 2013 due to a gap in ambition, an EU statement issued during the relaunch said..
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