India, EU FTA to take more time
All India Radio | Jan 16 2012
India, EU FTA to take more time
The Free Trade Agreement between India and European Union will take more time to materialise. European Union foreign policy Chief, Baroness Catherine Ashton informed this after holding meeting with External Affairs Minister S. M. Krishna in Bangalore today.
She said technical details need to be looked into and political side had to come into action. She, however, added that FTA was in the interest of both India and EU and they were keen on taking the dialogue forward in this direction. Briefing the media persons, Krishna said they reviewed the progress made on Joint Action plan between the two sides. He said the debt crisis in Europe should be resolved at an earliest as it is in the interest of international community.
He hoped that the steps taken by European leaders towards this would prove as a remedy to resolve this problem. He hoped that the two sides will play a greater role to further expand the areas of cooperation.
Speaking about the ship concorde that sank near Italy, he informed that an Indian named Rebelo is missing in the accident. A control room is set up in Rome and Delhi to deal with the crisis and Embassy in Italy has deputed two personnel to go to the area of accident and report on the situation.
