Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-14-Speech-2-346"
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"en.20061114.38.2-346"2
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"Mr President, ladies and gentlemen, the Council has noted the European Parliament’s resolution on trade and economic relations between the EU and India.
The Seventh EU-India Summit in Helsinki on 13 October examined trade and economic relations between the parties. In particular, a report by the EU-India High Level Trade Group was examined. The Group was set up at the 2005 summit to look into how bilateral trade and investment relations could be developed and expanded.
The Group recommended that a large-scale trade partnership be developed through talks on a comprehensive trade and investment agreement. It was also the Group’s view that a major, comprehensive agreement would also be of significant benefit to both the EU and India. The Group recommended that future talks should cover the areas set forth in the report, such as trade in goods and services, investment, the promotion of trade, public procurement, technical regulations, intellectual property and geographical indications, competition policy, and the settlement of disputes.
Discussions on this at the Summit were constructive and reflected support for the work of the Group. The EU-India Summit took a positive view of the Group’s work and backed its proposal for a future, comprehensive trade and investment agreement. The view was taken at the Summit that both parties should promote the start of negotiations on an agreement of this sort. Both parties are now holding internal discussions on this. The Summit was also confirmation of the undertaking and commitment on the part of both parties to achieve a strategic partnership and close cooperation, which has helped strengthen relations between the EU and India."@en1
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