News Buzz

India trying to end impasse with EU over FTA

In a bid to revive FTA talks with EU, India is examining the areas where the negotiations are stuck and think of a possible way ahead. These include areas like market access for automobiles and alcohol and inclusion of government procurement and labour standards.

“The EU believes that there is no point going back to the negotiating table if certain basic issues remain unresolved. It will serve no purpose if an agreement is reached that has provisions that the EU Parliament will not give its approval to. It is, therefore, vital that the basics are agreed to before we seriously proceed in the negotiations. That is why India and the EU are holding technical discussions on the sticking points to see if they could be resolved,” said a source familiar with the development.