The Free Trade Agreement between India and European Union will take more time to materialize. European Union Foreign Policy Chief, Baroness Catherine Ashton informed this after holding a Ministerial level meeting with External Affairs Minister S M Krishna in Bangalore on Monday.She said, technical details need to be looked into and political side has to come into action. She, however, added that FTA is in the interest of both India and EU and they are keen on taking the dialogue forward in this direction.Briefing the media persons, Mr. S M Krishna said, they reviewed the progress made on Joint Action plan between the two sides. He said, debt crisis in Europe should be resolved at the earliest as it is in the interest of the international community. He hoped that the steps taken by European leaders towards this, will prove as a remedy to resolve this problem.AIR Correspondent reports, S M Krishna termed the talks held today as useful and substantive. He informed that they took stock of the ground covered in various areas of cooperation and reiterated their commitment to take cooperation to the next level. Speaking about the cruise ship concorde, that sank near Italy, S M Krishna informed that an Indian named Rebelo is missing in the accident.A control room is set up in Rome and Delhi to deal with the crisis and Embassy in Italy has deputed two personnel to go to the area of accident and report on the situation.On US dialogue with Taliban in Afghanistan, the External Affairs minister hoped that USA will be careful about the red line drawn by India during the negotiation.He meant that USA will be aware about Indian sensibilities and concerns while dealing with Taliban.