|
Back
MALTA FOR EARLY CONCLUSION OF INDIA-EU TRADE AND INVESTMENT AGREEMENT
MALTESE FOREIGN MINISTER MEETS KAMAL NATH
Date : 23 Mar 2007
Location : New Delhi
Malta is keen on early conclusion of the broad-based Bilateral
Trade and Investment Agreement between India and the European Union (EU) as such
a Free Trade Agreement (FTA) would benefit all the participating countries,
including Malta. This was stated by Dr. Michael Frendo, Foreign Minister of
Malta, when he called on Shri Kamal Nath, Union Minister of Commerce and
Industry, here last evening. Malta joined the European Union on 1st
May 2004. Its membership of the EU coupled with its thriving trade with India
makes Malta a useful interlocutor for our trade policy negotiations with the
European Commission.
Shri Kamal Nath expressed happiness at the warm and friendly
relations between India and Malta cemented by mutuality of interests, especially
in the field of trade and investment between the two countries. He also
expressed satisfaction of the growing trade between India and the Malta, which
was to the tune of US $ 122 million in 2005-06 as against US $ 69 million in
2004-05.
Malta has decided to open a High Commission in New Delhi. Shri
Kamal Nath said India would extend all assistance and support to the new Maltese
High Commission.
***************
SB/NR/MRS
|
Archives
