India may formally approach the World Trade Organisation's dispute panel against the European Union following the seizure of low-cost generic medicine consignments in European ports meant for other developing countries. The two parties have failed to reach an amicable solution during the consultation process.
A high-level meeting between the two sides will be held in New Delhi from Monday on the comprehensive economic agreement which aims at eliminating trade barriers to enhance commerce between India and the EU.
Chief Minister Minister Mufti Mohammad Sayeed assured the team was free to meet whoever they want as\n\nthe government believed in transparency.
At a time when Narendra Modi is reaching out to cross-section of people nationally and internationally, the European Union on Thursday stressed on the 'accountability' for the 2002 Gujarat riots, maintaining that the matter was of 'interest' to everyone.
India and European Union will discuss issues of mutual interest during the first joint industrial energy conference in New Delhi next month.
The govt is likely to propose to the EU that it will validate security procedures in its airports before allowing passengers to carry duty-free goods to India. This is in retaliation to a similar proposal made by EU last year, which led to protests from companies operating duty-free shops in India. EU officials would have to validate the security systems at Indian airports before allowing transit passengers to buy at duty-free shops here, resulting in dispute between the two.
The report reads like a 'harangue on Pakistan, misrepresenting our position in sharp contrast to unquestioning endorsement of Indian stand point.'
Seeking to provide a "new dimension" to their otherwise "neglected" relations, the European Union said on Monday it is committed to expand its ties with India beyond trade and commerce to include issues of security and terrorism. "Not only in terms of trade, the EU is seeking fruitful dialogue with India on security, terrorism and climate change, apart from greater cooperation in energy security, cultural and people to people exchange," Graham Watson.
The European Union may back off from its insistence on including non-trade issues like human rights in the proposed free trade pact with India.
India and the European Union (EU) have begun discussions to resolve the ongoing dispute over the seizure of Indian generic drugs consignments in transit at European ports. Lutz Guellner, spokesperson for the European Trade Commissioner, told Business Standard that a meeting of the EU-India Joint Customs Cooperation Committee held in New Delhi on Thursday proved "constructive" with an "open discussion of the issues" taking place.
India is giving priority to boost trade with European Union and foresees no difficulty in signing a free trade and investment agreement with EU, notwithstanding wide differences between the two sides in the WTO over the Doha Round of trade talks. India and EU are negotiating a free trade and investment agreement aimed at phasing out and eliminating import duties on a large number of trade items.
On the eve of the two-day summit in Brussels, Merkel renewed her rejection of euro bonds as 'wrong and counterproductive.'
Gangster Abu Salem, who survived bid on his life in a Navi Mumbai jail last month, will move the European Union seeking execution of the order canceling his extradition to India issued by the Portuguese constitutional court.
"The Nazi Party started using a Hindu symbol and abused it. That's not the fault of the Hindus. For us swastika is a sacred symbol implying peace and prosperity."
India would have to put at least 10 percent of scientific, managerial and industrial inputs in the project.
The Greece package is aimed at rescuing foreign investors and delays the inevitable "rolling crisis" in that country
The G20 leaders will deliberate on pressing global issues at the grouping's annual summit here on September 9 and 10. India is hosting the summit in its capacity as the current G20 chair.
The David Cameron government has accepted the recommendation of the Migration Advisory Committee to specialist jobs such as pharmacists, veterinary surgeons, and speech and language therapists.
President Xi is also skipping the ASEAN (Association of Southeast Asian Nations) and East Asia summits in Jakarta this week.
Gunmen launched an attack on the European Union military mission's headquarters in the Malian capital, Bamako, the apparent latest in a string of attacks on Western interests in the region.
India, Russia, the US, China and several other countries would meet in Moscow later this month to decide on whether to take retaliatory measures against the EU on its 'unilateral' decision to impose carbon tax on air travel.
Most of India's oil supplies are expected to stay safe because of the country's good relations with both Russia and Iran. That would take care of over a third of India's supplies.
Commerce secretary Sunil Barthwal is set to attend a two-day meeting from October 23 at the World Trade Organization (WTO) headquarters in Geneva, that would focus on finding solutions and giving the 'necessary political push' for at least some crucial global trade issues. Next week's meeting comes ahead of the WTO's 13th ministerial conference (MC13), scheduled in Abu Dhabi in February 2024. It will see participation of senior government officials from all WTO member nations.
The EU should eliminate tariffs on 95 per cent of the goods under the Free Trade Agreement instead of the 90 per cent being targeted by the India-EU High Level Trade Group, the industry body said.
John Clancy, spokesperson for the European Commission's trade directorate, told Business Standard this week's talks would focus on 'tariffs and services'.
"We expect to host the India-EU summit under the UK presidency in New Delhi and welcome the British Prime Minister to our country later this year," External Affairs Minister Natwar Singh said.
The European Union has recently introduced a condition on exporters to give a certificate with dispatches that they contain traditional Basmati rice to avail a rebate of 250 Euro per tonne, Lok Sabha was informed on Friday.
The European Union, which will soon kick-off an energy dialogue with India, has said it is not opposed to a $4.16 billion pipeline project to pump gas from Iran to India through Pakistan.
Citing the latest statistics from Eurostat, the ministrysaid trade between China and the European Union totalled Euro35.6 billion ($49.4 billion) in July, allowing the countryto overtake the US.
European Union presents India with a huge opportunity to tap the services sector there including the information and communication technology, but Indians need to overcome the language barrier, said a senior official on Thursday.
Foreign ministers of G20 major economies will meet in the national capital on March 1 and 2 to deliberate on pressing global challenges amid escalating confrontation between Russia and the West over the Ukraine conflict that entered the second year this week.
Deadline to submit convincing reform plans is this week.
Within a week of a British court striking down the interim cap on professionals from India and other non-EU countries, the Home Office made necessary changes to the measure and announced that the cap until April 2011 was 'legal and up and running'.
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