India Asked To Extend Trade Pact With European Union Nations By 6 Months

The European Union has pressed India to extend by six months its bilateral investment pacts with several EU-member countries which are expiring soon, saying absence of the treaties could adversely impact trade ties and FTA talks. Chair of the EU delegation for relations with India Geoffrey Van Orden said EU wants New Delhi to renew the investment deals first to take forward the stalled FTA talks. India’s existing trade and investment pacts with The Netherlands came to an end in November while while similar pacts with several other EU countries will expire in the coming months.