Commerce and Industry Minister Anand Sharma and European Union Trade Commissioner Karel De Gucht concluded another round of talks on Monday at the European Commission headquarters in Brussels, which the Commission said 'provided a renewed momentum to bring the negotiations forward'.
India clearly told the EU it would 'not accept' any further concession, as far as the automobile sector was concerned.
With the pressure on for the European Union (EU) and India to come up with a significant announcement at the upcoming EU-India summit on December 10, a flurry of activity surrounding the ongoing negotiations for a bilateral free trade agreement (FTA) is giving momentum to the process.
FMO, the Netherlands-based development finance company plans to invest over euro 100 million by the end of 2003, atop company official said on Monday.
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Trade ministers and diplomats from around 130 countries are participating in the four-day meeting that started on Tuesday.
On Monday, the EU had temporarily banned imports of Alphonso mangoes, the king of fruits, and four vegetables from India from May 1.
Talking tough, India on Friday threatened to drag the European Union to the World Trade Organization if the 28-nation bloc did not lift its ban on the import of Indian mangoes and vegetables.
The country has also asked India to further reduce tariffs on goods.
India's Food Security Act entitles 82 crore people to 5 kg of foodgrains per person a month at Rs 1-3 per kg.
India rejected the proposed interim measure and trade facilitation agreement, risking an outright collapse of the ongoing talks.
Refusing to budge from its tough stand on food security issues, India pressed for a fair and balanced outcome of the WTO ministerial meeting in Bali.
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