Negotiators from the two sides will meet in July either at Brussels or Geneva, additional secretary in the commerce ministry D K Mittal told PTI.
UK and Sweden have asked the European Union to set up bigger and "more political" embassies in India, China and Pakistan to strengthen its relationships with these Asian countries.
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Trade ministers and diplomats from around 130 countries are participating in the four-day meeting that started on Tuesday.
Demanding immediate withdrawal of the permission given to a diplomatic delegation from European Union to visit Orissa's riot-hit Kandhamal, the Vishwa Hindu Parishad on Sunday said the trip could trigger fresh tension in the district."The proposed visit of the EU delegation should be cancelled forthwith and the Orissa government must withdraw the permission granted for the purpose," said VHP state secretary Gouri Kumar Rath.
Khan said that India, which is a part of Quad, has imported oil from Russia despite American sanctions.
A senior European Union representative said here on Tuesday that the body would soon change its Customs laws to address the issue of seizures of Indian generic drug shipments while en route for export to other countries.
Noting India's need to raise power generation capacity to four lakh MW by 2030, President A P J Abdul Kalam on Wednesday sought 'intensive cooperation' with the European Union in the field of energy, including nuclear, to help achieve the goal.
'Keeping the global temperature below not just 1.5 degree Celsius, even 2 degree Celsius is beyond our reach now. Both are impossible.'
While keeping their options open, the United States and European Union have signaled that talks with Iran over its nuclear programme could resume, for the first time in more than a year, after Tehran dropped its pre-conditions to a dialogue.
India was on Friday guarded in its reaction to European Union farm ministers' 'historic' accord to reform its disputed Common Agricultural Policy.
The Blue Card plan, if passed, would allow suitably qualified people and their families to live and work within the EU. The EU says it needs 20 million skilled workers over the next two decades and is very short of expertise in engineering and computer technology.
The European Parliament in Brussels witnessed acrimonious exchanges between some of the pro-Pakistani members and the rapporteur of the report on Kashmir during the debate on the compromise amendments to the draft report.
In a move, which could impact Indian textiles exporters, European Union is considering modelling its 'Rules of Origin' for imports on the lines of that present in the United States.
Kremlin spokesman Dmitry Peskov briefly admitted that Russia had suffered a 'significant' loss of its troops in Ukraine, calling the casualties 'a huge tragedy' for the country in an interview with Sky News.
The UK Hindu organizations are urging the European parliament to adopt the report in its entirety, without making any of the 400 and off amendments sought by the Pakistan government.
European Commission has claimed that its agriculture proposal submitted to the World Trade Organisation is fair and a win-win with sufficient safeguards to protect food security of developing countries including India.
India will soon meet Iraq and the United Arab Emirates (UAE) to seek a definitive rate of discount on crude oil similar to what Russia has provided so far, sources said. Multiple officials and industry executives said Iraq, which is India's biggest oil supplier, wants to discuss the level of discounts expected by Indian refiners. India's focus on snapping up ever-increasing volumes of Russian crude oil has led to a corresponding decline in imports from the Middle East. Flows from Iraq, Saudi Arabia, and the UAE have suffered as a result.
The US hails the landmark 'India-Middle East-Europe Economic Corridor' which will usher in a new era of connectivity from Europe to Asia and will stimulate economic growth across the two continents.
World's costliest rice, Indian basmati, may lose the tariff concession it gets in the European Union if the region's latest draft on new rice import regime is made into a law
The European Union on Friday made it clear that India will have to take a 'few steps' like associating with NPT and CTBT before the 25-nation body can decide on cooperating with it in civil nuclear energy.
With an ambitious target to more than double their bilateral trade to $200 billion in the next four years, India and EU hoped on Friday they can resolve differences and reach a free trade agreement within a year.
After the first quarter was washed out, exporters are now keeping their fingers crossed over a turnaround in outbound shipments to at least North America from September onwards. This comes even as other key destinations such as Europe may take longer to revive in FY24. Slowdown in key economies, as well as geopolitical tensions resulted in sluggish demand for Indian goods.
Ban on US rice by the European Union and Cuba is turning out to be detrimental for the American rice sector as the commodity may found it tough to get buyers now.
The United States and European Union have slapped tougher and "wide-ranging" sanctions on Russia, targeting its energy, finance and defence sectors for its continued support of separatists in Ukraine.
A visiting European Union team Friday promised the Sikh community that it would try to impress upon France the "cultural" sentiments attached with the turban and ask them to lift the ban on wearing it in schools.
Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.
The 'temporary ban' which came into force on Thursday will remain effective until December 2015 after authorities in Brussels found consignments infested with pests they fear could damage European salad crops.
As casualty figures rose from the devastating quake the European Commission, the EU's executive arm, said up to three million euros could be approved within a day if requested by agencies working on the ground.
While admitting India's persistent stand on the issue might delay the agreement, a top commerce ministry official said the talks were on track. "We will maintain a hardline stand," said the official. It is to be noted, the sixth round of EU-India trade negotiation in Delhi in March ended without any substantial progress because of the tariff-related issues. The EU is India's largest trading partner and the total bilateral trade stood at over $70 billion in 2008-09.
US, EU have flexibility to shield 65 sensitive textile products from immediate formula cuts.
Prime Minister Manmohan Singh will review the proposed bilateral trade and investment agreement between India and the EU at the meeting of the Trade and Economic Relations Committee (TERC) on May 29.
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