International trade and foreign investment have come to occupy pivotal roles in international relations today. For India and the EU, this holds true too. Thus, what is likely to dominate the 13th India-EU Summit at Brussels is discussions on the pending India-EU Free Trade Agreement (FTA). India and the EU first started negotiations in 2007 on an FTA to cover trade in goods, services, intellectual property and foreign investment. However, 13 rounds of negotiations have not yielded a treaty to regulate trade and investment between the two sides.
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Authors: THE WIRE