Free Trade Agreement between Europe and India hits roadblocks, top EU representative explains

The discussions on the Free Trade Agreement between India and the European Union (EU) hit roadblocks, said reports.

New Delhi (ANI): The discussions on the Free Trade Agreement between India and the European Union (EU) hit roadblocks, said reports.

“Progress but a lot of work is still ahead of us”, said EU Executive Vice-President Valdis Dombrovskis on August 26. He further added that the ties between the two sides have a “lot of untapped potential”.

Speaking to a popular news agency he said, “Well, negotiations are proceeding at a good pace. We already had five rounds of negotiations.”

The expert also said, “We recently exchanged the first market access offers with each other. So on the EU side, we are typically working on what we call deep and comprehensive free trade agreements”

Valdis Dombrovskis said the comprehensive free trade agreements shall be, “covering a broad range of areas, including for example, sustainability, ensuring that our trade does not lead to environmental degradation or reduction of labour standards or other negative externalities.”

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