EU and India hold summit on trade, terror and financial woes (AFP)
29.09.2008 15:35 Business
Singh, arriving in France from the US whose House of Representatives passed a major atomic energy pact with New Delhi, met Sarkozy and European Commission President Jose Manuel Barroso in the southern port of Marseille.
The leaders were due to give a joint press conference after meeting privately for around an hour at the annual EU-India summit.
The European Union is India's largest commercial partner -- ahead of China -- with annual bilateral trade totalling around 60 billion euros (88 billion dollars).
But India ranks only ninth behind South Korea in the EU's list of major trading partners -- a position French European Affairs Minister Jean-Pierre Jouyet described last week as "abnormal."
India and the EU have had a strategic partnership agreement since 2004 and talks on a free trade accord began last year, but progress has been slow.
Europe wants to boost ties with the emerging Asian giant, which is seen as a relative haven of stability in an often volatile region which includes Pakistan and Afghanistan.