Direct link to scholarships offered by  Govt. of India

List of Private NGOs offering scholarships

Ibn Rushd: (Averroes)

Abu al-Walid Muhammad ibn Ahmad ibn Rushd, better known in the Latin West as

Ummid Assistant

Gandhi Fellowship for Nation Building

Welcome Guest! You are here: Home » Business & Economy

India-European Union set to expand business ties

Friday December 10, 2010 12:11:10 PM, Sarwar Kashani, IANS

Brussels: India and the 27-nation European Union are set to expand economic ties by setting the stage for a major trade and investment deal that is expected to multiply the quantum of business between them. The agreement is expected to generate two-way trade worth about 100 billion euros.

The two sides cleared the decks for the agreement by reaching an understanding on some contentious issues ahead of Prime Minister Manmohan Singh's visit to this Belgian capital, beautifully decked up with lights, wreaths and festive crafts for the Christmas celebrations.

And by the Easter celebration next year, the Broad-based Investment and Trade Agreement (BITA), also called the free trade agreement, would be initialed by the two sides, official sources said.

Manmohan Singh who arrived here Thursday will attend the 11th India-EU summit following which the two sides will announce a progress report on their hectic negotiations for the last three years over the deal.

Exporters in Europe see lots of economic opportunities - in sectors like cars, luxury goods and fashion - in having broad based business ties with India, one the world's fastest growing economies. With a rapidly expanding middle-class, India has a huge potential customer base in its 1.2 billion people.

The EU's trade in goods with India, that is the its ninth most important trading partner, picked up in the first nine months of 2010 after a slump in 2009 due to the global recession, according to data released here Thursday. For India, the EU is its largest trading partner with bilateral trade touching 70 billion euros this year.

The two sides missed a target of finalizing the deal by this month but negotiations took longer than expected amid differences over issues like EU linking the pact with topics such as India's performance on climate change and reducing child labour and greater market access.

Indian officials say the issue were irrelevant to negotiations for commercial ties and any such pact had to be acceptable to its parliament.

The other obstacle in finalizing the deal was a proposed clause from India on easier immigration rules for Indians seeking to find work in Europe, particularly Britain which has capped immigration. It also includes matters such as intellectual property rights

But the issues have been resolved and the two sides have reached an agreement paving the way for conclusion of the deal, an official said.

After attending the summit, Manmohan Singh will seek to strengthen India-Belgium bilateral ties during his stay in Brussels till Saturday morning. He is scheduled to meet with Belgian Prime Minister Yves Leterme at a working dinner Friday evening.

On the second leg of the three-day tour to Europe, the Indian prime minister will arrive in Berlin Saturday afternoon for talks with German President Christian Wulff and Chancellor Angela Merkel during his eight-hour stay in the German capital.

The talks are expected to make a push for reforms in the UN. Both India and Germany, elected as non-permanent members to the UNSC who will begin their two-year terms in January, are aspirants for a permanent seat in a revamped council.

(Sarwar Kashani can be contacted at





  Bookmark and Share                                          Home | Top of the Page


Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS

More Headlines

Indian NGO awarded Asia Human Rights Award

Apex court refuses to expunge 'rotten' remark against Allahabad HC

Prince Charles, wife attacked in violent London protests

Jews, Arabs in uproar over rabbis’ controversial ruling

Pakistan-based Indian Mujahideen behind Varanasi attack: India

Violent clashes at student demonstrations in London

Britain adopts controversial university fee hike amid protests

Hindus, Muslims pray at Varanasi for harmony

Apex court to hear Allahabad High Court's plea Friday

Varanasi Blast: UAE-based Indian Mujahideen module responsible

Israeli's worst-ever fire linked to global warming: Expert

Khalsa College to celebrate Dilip Kumar birthday

India, Pakistan to sign four-nation gas deal




Top Stories

Britain adopts controversial university fee hike amid protests

The British parliament Thursday narrowly approved controversial measures to hike university fees amid violent protests from tens of thousands of students across the country.   »

Prince Charles, wife attacked in violent London protests

Violent clashes at student demonstrations in London


Picture of the Day

Vice President Mohd. Hamid Ansari releasing a book titled “Tardeed”, written by Nadeem Arshi, in New Delhi on December 08, 2010.


  Most Read

Khalsa College to celebrate Dilip Kumar birthday

The G.N. Khalsa College here will Saturday celebrate the 88th birthday of veteran actor Dilip Kumar, one of its oldest students. On Saturday, students will donate 88 bottles of blood. A college hall will be named after  »

Hindus, Muslims pray at Varanasi for harmony

Hindus and Muslims joined hands here Thursday to pray for peace on the same Ganga ghat where a terror attack only two days ago killed a toddler and wounded over 30 people. A few foreigners lent strength to the solemn gathering, which held candles and earthern lamps at the  »


  News Pick

Two Sikh terror suspects nabbed in Germany

Two Indians alleged to belong to Sikh terrorist organisation Khalistan Zindabad Force (KZF) have been arrested, German federal prosecutors said in Karlsruhe Thursday. The men, named only as 35-year-old  »

India, Pakistan to sign four-nation gas deal

India, Pakistan, Afghanistan and Turkmenistan will sign two cooperative pacts Saturday on a $7.6-billion gas pipeline project linking the four countries, a media report said   »

Jews, Arabs in uproar over rabbis’ controversial ruling

The Israeli and Arab uproar against a ruling by some 300 Jewish rabbis prohibiting the rental of homes to non-Jews, usually Arabs living inside Israel, rose on Thursday, Arab News reported December 10. According to the Arab News   »

Telangana groups observe 1st anniversary of centre's announcement

Telangana groups Thursday marked the first anniversary of the centre's commencing the process of forming a Telangana state and demanded that a bill on this be immediately tabled in parliament.   »

Blair called to give evidence to Iraq inquiry for a second time

Tony Blair was Wednesday requested to appear for a second time before a public inquiry probing Britain's involvement in the Iraq conflict, and the strategic and political decisions taken in the run-up to the 2003 US-led  »



RSS  |  Contact us

| Quick links



Subscribe to

Ummid Assistant






About us




Government Schemes











Contact us





      Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2010 Awaz Multimedia & Publications. All rights reserved.