EU seeks stronger trade ties with India
New Delhi: Seeking stronger trade and economic cooperation, the European Commission has said that there was a need to formulate an IT policy in order to promote the competitiveness of the economy.

The EU has said that the circulation of minds and trained manpower between India and Europe would open new vistas of opportunities between the two regions. (PTI)
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Bush says economic isolationism is dangerous
Washington: US President George W Bush has been quoted as saying that economic isolationism as a solution to job uncertainty was "dangerous" for the economy.

Bush said: "One in five jobs in New Hampshire depends upon exports. In other words, it depends upon the ability to get our goods into somebody else's market," he added.

Bush said that Presidents before him, both Republican and Democrat, had made the decision to make America's markets relatively open, compared to other countries, because it's good for US consumers.
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