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UK / EUROPE | January 2008

 


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EU Keen On Free Trade Pact With India

BRITISH ENTREPRENEUR NATHU PURI HONOURED WITH DOCTORATE DEGREE

 

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EU Keen On Free Trade Pact With India

New Delhi 11 December: Expressing doubt over WTO talks making headway in the near future, Austria has asked India to speed up free trade agreement with the European Union to enlarge markets for European and Indian business.

Austrian Minister for Commerce and Labour Martin Bartenstein held talks with Commerce and Industry Minister Kamal Nath on a host of bilateral and multilateral issues, including progress on the India-EU Free Trade Agreement and Doha Round of negotiations for a global trade deal.

“Pascal Lamy (WTO Director General) thinks modalities for the Doha Round could be finished by February/March next...We had similar target for the Hong Kong Ministerial meeting (in December 2005),” Bartenstein said at a joint media briefing with Nath.

Both Nath and Bartenstein emphasised the timeline of 2008 end for completion of negotiations on India-EU FTA, officially known as Bilateral Trade and Investment Agreement.

The Austrian minister said the EU was working on a ‘Bluecard’ scheme on the lines of the US ‘Greencard’ for expatriates. “Under the Bluecard scheme, there would be a uniform regime for all 27 EU members,” he said adding that Austria and other EU members were keen on leveraging Indian human resource.

While Nath discussed WTO issues with the visiting Austrian minister, he lambasted US Trade Representative Susan Schwab on her recent remarks about India and Brazil.

Schwab had described the two developing countries as “teenage drivers” unwilling to take up responsibility.

“I do not know about drivers and vehicles. You may be driving big horsepower car ...But you must also know the destination,” he said.

[Source: The Hindu]

 

 

BRITISH ENTREPRENEUR NATHU PURI HONOURED WITH DOCTORATE DEGREE

London South Bank University has honoured British Indian industrialist and philanthropist, Prof Nathu Puri with a doctorate degree in engineering. Prof Deian Hopkin, Vice Chancellor of the University described Puri as "a successful industrialist and entrepreneur, renowned philanthropist and devoted supporter of education - not to mention Indian cricket".

"It is a great honour for me. Coming here in 1966 with very few resources, I could have never dreamt of this day," Puri said after receiving the degree.

The doctorate was conferred on Puri, an alumni of the University, in the presence of Lord and Lady Navnit Dholakia, Rt Hon Kenneth Clarke QC MP and Home Office Minister, Vernon Coaker MP.

Hailing from Punjab, Puri came to the UK in 1966 to study Air Conditioning. Last year Prof Puri was given the inaugural Hindu Forum of Britain Award for Excellence in Community Service.

 

[Source: GOPIO]

 

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