India-EU free trade agreement by 2010, expects Manmohan Singh.Byline: ANI New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , Nov 6 (ANI): Prime Minister Dr. Manmohan Singh here today said that India and European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community have set one-year deadline to conclude a free trade agreement, at a joint press conference attended by the Swedish Prime Minister and European President at the Hyderabad House Hyderabad House earlier known as Palace of the Nizam of Hyderabad is a former princely residence of Osman Ali Khan, Nizam VII located at New Delhi. This house was built in 1926 by eminent architect Edwin Lutyens. It was the Delhi palace for the last Nizam of Hyderabad state. . . Addressing media after holding talks with Swedish Prime Minister Fredrik Reinfeldt John Fredrik Reinfeldt (IPA: [ˈfreːdrɪk ˈrajnˌfɛlt]) (born August 4, 1965, in Österhaninge) is the current Prime Minister of Sweden and leader of the liberal conservative Moderate Party (Swedish: and Chairman of the Swedish Presidency of the EU and President of the European Commission The President of the European Commission is the head of the executive body of the European Union. The President leads a college of 27 Commissioners, one from each Union member-state, who hold specific portfolios. , Jose Manuel Barroso, Dr. Manmohan Singh said, " We would conclude free trade agreement within a year". He further said an important outcome was the signing of India-EU agreement in the field of fusion energy research. "This agreement underscores the growing importance of energy security and clean energy in our co-operation. We also reviewed the progress on the joint action plan that was adopted in 2005 and agreed on measures to speed up its implementation," he added. He also said that India has a progressive and ambitious plan to tackle climate change. "We have a very ambitious national plan to combat climate change. We recognise climate change is a global phenomenon. All of us have an obligation to work together and we placed before our country the eight national missions, which constitute our response. Now the question arises whether we can quantify it into a precise emission reduction targets. We haven't reached that stage so far," he added. Seven rounds of discussions between the representatives of both sides have already taken place but so far no agreement has been hammered out. European Union is India's largest trading partner and India exports 23 percent of its manufactured goods to countries of the group. Duty cuts, market access on services sector, IPR IPR Intellectual Property Rights IPR Inprocess/Inprogress Review IPR Industrial Property Rights IPR Institute for Policy Research (Northwestern University and University of Cincinnati) IPR Institute of Public Relations as well as toning down non-tariff barriers have remained the main sticking points during the discussions and have remained main obstacles in conclusion of the agreement. What has made the discussion even more complex is the European Commission insistence on including non-trade issues like human rights and child labor child labor, use of the young as workers in factories, farms, and mines. Child labor was first recognized as a social problem with the introduction of the factory system in late 18th-century Great Britain. policies in the duty free trade talks. Indian negotiators are insisting that social agenda should not be included in the Free Trade Agreement and it could be accommodated through other mechanisms. Experts believe that adoption of Lisbon Treaty by the European Union will make the negotiations even tougher as according the new arrangement each and every bilateral agreement will be discussed in the European Parliament. By Naveen Kapoor (ANI) Copyright 2009 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency. (ANI) - All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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