India, Feb. 28 -- The free trade agreement (FTA) between India and the Europeans Union (EU) has included an annexure for mediation for a mutually-agreed solution to a dispute through an expeditious procedure with the assistance of a mediator.

According to the text of the FTA, an annexure on 'model mediation procedures' has been included in the agreement, the conclusion of which was announced on January 27. The pact is expected to be signed after legal scrubbing. It may be implemented next year.

These FTA texts may undergo further modifications as a result of the process of legal revision/ scrub. The texts will be final upon signing.

"A Party (India or EU) may at any time request to enter into a mediation procedure with respect to any m...