The proposed free trade agreement with the EU, officially dubbed as Broad-based Trade and Investment Agreement (BTIA), has been stalled since May 2013 as both sides are yet to iron out differences over several issues. Last month, the UK government stated that it has kicked off preparations for a free trade agreement with India, launching a 14-week consultation to seek the views of the public and business before formal negotiations begin later this year.
FTA talks resumption with EU, fresh negotiations with UK soon: Commerce secretary
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“They (the USTR) have notified and kept in abeyance (the tariffs). This is a part of the global effort to reach a broader understanding on taxation in the face of recent developments in e-commerce and is moving in a conducive manner. I am sure the world will reach some understanding on these issues,” he said while addressing the media.
Agencies
With the EU, Wadhawan said that at the highest level, a clear agreement was there on resumption of negotiations, tracks on which talks will happen, and a clear resolve to expedite finality in the negotiations at an early date.
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Read more about Resumption of FTA talks with EU, fresh negotiations with UK soon: Official on Business Standard. India is also taking forward negotiations with various other countries, including Israel.