'Disappointed' India defers EU FTA talks

Move follows ban on 700 pharma products tested by GVK Biosciences

A firm India on Wednesday put off its negotiations for a free trade agreement (FTA) with the European Union (EU), scheduled for this month, following an import ban imposed by the latter on 700 drugs tested by Hyderabad-based GVK Biosciences. “This decision has been taken as the Government of India is disappointed and concerned over the action of the EU in imposing a legally binding ban on the sale of around 700 pharma products clinically tested by GVK Biosciences,” read an official communiqué from the commerce & industry ministry. Chief trade negotiators from both ...