The European Union and India have reportedly exhausted talks on a Free Trade Agreement – stalled since 2013. According to media reports in India, the end of talks may be officially announced in the coming days.
The reports say India wrote to the European Union about the FTA. In response, the EU said it would decide in two weeks if they will return to the negotiating table.
As reported by India’s First Post online, India’s Commerce Minister Suresh Prabhu had said in March that New Delhi was still hopeful negotiations would resume shortly. “We have started working on an India-EU FTA again,” the minister told a Confederation of Indian Industry conference in New Delhi.
According to EU officials, India has not showed enough flexibility in negotiations. On the other hand, India has accused the EU of being too rigid in giving access to services. In fact, The Times of India report said, the EU officials had told India in two years ago they were too busy negotiating the Transatlantic Trade and Investment Partnership (TTIP) with the United States.