Thought Force

An agreement based on the broad based trade and investment will be signed soon by India and Europe. The agreement will be between India and four nation European Free Trade Association(EFTA)including Switzerland. The free trade pact between the two will be concluded by this year and will be helping the closer cooperation. The seven round negotiations is already completed reports the Union Commerce &Industry Minister Anand Sharma.

The EFTA states includes Iceland ,Liechtenstein and Norway including Switzerland says the reports. EFTA is an organization which promotes the free trade and economic integration between countries. The free trade agreement is in its advanced stages and the negotiations are fast on track with EFTA. The Indian Pavilion will be inaugurated by Sharma at the worlds most coveted and jewelery shown known as the Basel World2011.

The entire Europe will be embraced by India through the free trade agreement stated Sharma. The 27 nation European Nation union has a good relation ship from India through the bilateral trade and investment agreement. Last year the trade between Switzerland and India stood at about US$18 billion from US$15 billion last year. The Swiss exports to India includes precision instruments,machines ,pharmaceutical and chemical products. While the imports from India include textiles,agricultural products and some components of the airline industry.

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The Nuclear mess up in Japan started two weeks back, but till now there are no promises or any positive news flowing either from the government or from the private company owning the Fukushima nuclear power plant. There are now reports of over ten million times the standard level of radiation in some parts of the nuclear plant, leading to fears that some of the used fuel rods could have been exposed to the atmosphere.

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