Commerce and Industry Minister Anand Sharma on Wednesday said that the proposed free trade agreement between India and European Union is in final stage and expressed hope that it would be concluded very soon. He, however, also indicated that differences still persist over certain issues. He added that the multilateral and bi-lateral negotiations are taking place on the complex matters.Our correspondent reports, India is in talks with the EU, its biggest trading partner, since 2007 for liberalising their commerce in goods, services and investment through an FTA. The FTA would involve slashing of duties on over 90 per cent of the trade and opening of the mutual markets for services and investment. The two sides with trade of 75 billion US Dollars last year, had earlier vowed to conclude the negotiations within 2011.The Trade and Economic Relations Committee, headed by the Prime Minister, Dr. Manmohan Singh recently reviewed the progress of the talks and is likely to meet again soon. The two sides are believed to have agreed on four of the 12 key areas for FTA, aimed at freeing vast markets of about two billion people to mutual advantage.