India, EU to restart talks for trade pact in June
European union, eu, eu news, european union india, eu india talks, european union news, india eu talks
Stay updated with breaking news from Broad Based Trade. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
European union, eu, eu news, european union india, eu india talks, european union news, india eu talks
India and the 27-nation European Union (EU) will restart negotiations for their long-pending free trade agreement from June
If the trade agreement comes through, then the EU will replace the US as India's largest destination for garments.
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.
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.