News Summary: Germany, India see progress on pact
- Article by: The Associated Press
- Associated Press
- April 11, 2013 - 2:08 PM
TOWARD A DEAL: The leaders of Germany and India said Thursday that progress is being made on a new free trade agreement between India and the European Union but cautioned that there is still work to be done.
LONG TALKS: Negotiations have been ongoing for six years and officials had hoped to conclude the agreement by the end of 2012. But the agreement has been hung up over a wide range of issues.
THE BIG PICTURE: The EU is already India's largest trade partner and the Indian economy is growing robustly, leading European businesses to increasingly look there for new opportunities.
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