April 15, 2016 8:13 AM

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India keen to resume FTA talks with EU: Nirmala Sitharaman

Commerce and Industry Minister Nirmala Sitharaman has said that India is keen on resuming long-stalled talks for trade pact with the European Union. Talking to reporters in New Delhi, the Minister said, she has approached 28-nation bloc for a meeting of chief negotiators of the two sides on the issue. Ms Sitharaman said, after returning from the India-EU Summit in Brussels, she had written a letter to her European Union counterpart seeking dates for the chief negotiators to meet.The negotiations for the Bilateral Trade and Investment Agreement (BTIA) have been held up since May 2013 as both the sides are yet to bridge substantial gaps on crucial issues, including data security status for the IT sector. On the ongoing negotiations for the Free Trade Agreements ( FTA) with Australia,Ms Sitharaman said both the sides have gone into all the details about goods, services and investments.

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