<ul><li>India and the European Union have decided to accelerate efforts to advance the negotiations for the proposed free trade agreement or FTA, with the next round scheduled to begin on May 12.</li><li>The remarks assume significance as the two are exploring the option of negotiating their free trade agreement in phases amidst an uncertain global trade environment.</li><li>India has followed the practice of negotiating such trade pacts in two phases with Australia.</li><li>The two sides are aiming to conclude the negotiations by the end of this year.</li></ul>

India, EU To Hold Next Round Of FTA Talks From May 12

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