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EU backs n-cooperation with India, to clinch FTA next year

INT60International/Diplomacy/Energy/BusinessEU backs n-cooperation with India, to clinch FTA next yearBy Manish ChandMarseille, Sep 29 IANS As India and France get ready to sign an atomic pact, the 27-nation European Union Monday vigorously backed civil nuclear cooperation with India while underlining that it cannot tell New Delhi to fight climate change without much-needed clean nuclear energy. In a major step to take their multi-faceted strategic partnership to new heights, India and the EU Monday decided to double their bilateral trade to 100 billion euros and to accelerate negotiations to clinch a free trade area agreement between India and the EU that have between them a combined GDP of over 13 trillion dollars. Bilateral trade between India and the EU has exceeded 50 billion euros. EU is India's largest trading partner.Indian Prime Minister Manmohan Singh held discussions with the EU troika, including French President Nicolas Sarkozy, also president of the EU, European Commission president Jose Manuel Barroso and High Representative for Common Foreign and Security Policy Javier Solana. They discussed a range of global issues, including climate change, nuclear non-proliferation, food security and energy security and global economy. Lauding India's rising global profile, Sarkozy stressed the world can't solve these problems without India's support. "How can we fight climate change without India's participation. We can't tell India to combat climate change without clean nuclear energy," French President Nicolas Sarkozy told reporters at a joint press interaction with Manmohan Singh after the 9th India-EU summit held in the port town of Marseilles. "India is a major power. In the next 20-30 years, India will be the first power in terms of demographics," Sarkozy said while lauding India's emergence on the global stage. "France trusts India and Indian prime minister. In all liklelihood, we shall have discussions tomorrow and take a decision," Sarkozy told reporters when asked whether India and France will sign the bilateral nuclear cooperation pact in Paris Tuesday. France currently holds the rotating presidency of the EU. The EU's positive attitude towards civilian nuclear cooperation with India stands in sharp contrast to its ambivalent stand on this issue before the Nuclear Suppliers Group NSG allowed New Delhi to resume global nuclear trade. A day before he holds talks with Sarkozy in Paris, Manmohan Singh raised hopes for signing the nuclear pact with France, saying: "I hope some good results will flow from this meeting.""We look forward to working with France and other countries," Manmohan Singh said while alluding to the waiver granted by the NSG Sep 6 that enables India to resume nuclear trade with the world. "India seeks cooperation with all countries of the world in matters of civil nuclear cooperation. The US Congress is engaged in the process that will permit civilian nuclear cooperation between India and the US," the prime minister stressed even as the US Senate prepares to take up the 123 India-US bilateral nuclear agreement for a vote, likely Monday/Tuesday. India and the EU will sign an agreement on the ambitious multi-billion dollar International Thermonuclear Experimental Reactor project soon. The ITER agreement will gain impetus with the conclusion of the agreement between Euratom and India in the field of fusion energy research, a joint statement said at the end of the day-long India-EU summit. --Indo-Asian News Service mc/tb601 Words*29091851