India, EU fail to finalise date for resuming FTA talks

ANI | Updated: Oct 09, 2017 19:43 IST

New Delhi [India], October 9 (ANI): German Ambassador to India Martin Ney said that India and the European Union have failed to finalise the date on resuming negotiations on the proposed bilateral Free Trade Agreement (FTA) between the two sides.

"India and EU have just concluded summit in New Delhi and I must add that summit remained under its potential, as no decision was made to resume the negotiations for Free Trade Agreement including investment protection," German Ambassador Ney said.

"The EU-India summit in March 2016 failed to so and day before yesterday the leaders on the EU side and PM Modi failed to do it this time again," said Martin Ney on Free Trade Agreement.

"On the inter governmental level, we are confident that renewed efforts to finalize FTA between Germany and India will increase the economic and social well being of our respective citizens, the German Envoy to India said.

India and the European Union on Friday adopted a joint declaration to increase cooperation in counter terrorism measures and maritime security, taking their strategic ties to next level at the 14th India-EU Summit.

After the delegation-level talks with the President of the European Council Donald Franciszek Tusk and the President of the European Commission Jean-Claude Juncker, here, Prime Minister Narendra Modi said that India and the EU have agreed on the need to fight terrorism together and increase cooperation towards it."

Three agreements were exchanged between India and European Union on Solar Alliance, Bengaluru Metro and Science Research.(ANI)