How are the demands of the banking and insurance sector affected by the legislative issues in India?
The content of the FTA in some areas will be a factor of what India believes it is possible to do or not within the context of the current legislation, or in view of future change of regulation. One cannot use, and we do not pretend to use international bilateral negotiations, to force a country to do something on the legislative side. It is clear that we are interested in more market access for our banking industry in India. Our negotiators will see what can be done so as to have satisfactory results on both sides and then it will depend very much on what India is willing to do, in the context of the current legislation or going beyond it. We will never tell India that it has to change its legislation. In the insurance sector we were watching a bill that had been introduced under the previous session of the government. We are still hopeful on that count. Do you expect the current deadline for the FTA to be met? We have never been in favour, in the matter of the FTA or any other negoti
