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India, EU still some distance away from finalizing trade, investment pact: Manmohan Singh | India and the European Union are close to signing a broad-based trade and investment agreement, visiting Indian Prime
Minister, Dr. Manmohan Singh, said here on Friday during a joint media interaction with the President of the European Council, Herman Van Rompuy, and the President
of the European Commission, Jose Manuel Barroso. "Our two sides have done commendable
work in negotiations of an India-EU broad-based trade and investment agreement.
We are at the last stages of this complex exercise. We have directed our officials
to redouble their efforts to reach a conclusion by the spring of 2011. Finalisation
of a balanced agreement will bring enormous benefits to both sides," Dr. Singh
said. Acknowledging that the partnership between India and the European Union
has matured tremendously, Dr. Singh said: "Today, it covers the entire gamut of
areas ranging from the political and security to education and science." "Its
significance transcends the purely bilateral. We have had extremely productive
and useful discussions today. These are reflected in the joint statement that
has been issued. We have also issued a joint declaration on culture and another
on international terrorism," he added. He also said that both sides We reviewed
the progress that has been made in the implementation of the Joint Action Plan,
which is the template of our cooperation. Agreements on cooperation on peaceful
uses of nuclear energy, and maritime transport are under negotiation.
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