New Delhi, May 25 (IANS) India and the European Union (EU) will fast-track negotiations to reach an agreement on a trade and investment pact within the next few months.
India’s commerce secretary Rahul Khullar and European Commission’s Director General for trade David O’ Sullivan Tuesday discussed trade in goods and services, matters relating to intellectual property rights and non-tariff barriers to trade.
‘EU’s expectation on high level of liberalisation by both sides was discussed along with India’s desire to have an agreement which reflects a balanced outcome, considering the difference in the level of development of India and EU,’ an official statement said here.
The two sides also called for ‘intensified interaction’ at the expert level in the weeks to come.
‘It was also agreed that a ministerial-level stock-taking could take place at a suitable time in the near future after substantial progress has been made at the expert-level,’ it added.
