New Delhi: Admitting that some issues are blocking finalisation of the Free Trade Agreement with India, the European Union on Monday voiced hope that negotiations would be completed by the next India-EU Summit scheduled to be held in February.

A top EU official, who is leading a high-level delegation to India, said negotiations on the trade agreement are on track and that all efforts would be made to iron out differences and conclude the pact soon.

"We are committed to the FTA with India. The negotiations are taking some time and negotiations always take sometime, especially trade negotiations.

"We will try and successfully conclude the negotiations by February when the Summit takes place. That is the objective," David O'Sullivan, Chief Operation officer of European External Action Service, told reporters here.

However, he added a rider, saying that though concluding the FTA soon was the objective, it depends on the political leadership of both sides.

He also admitted that a few issues were blocking the conclusion of the agreement, negotiations on which began in 2007 between the two sides.

"It is not a mystery. We need some liberalisation by India in automobile and a few sectors and we are keen on imposition of some improved tax. These are part of the negotiations," Sullivan said in response to a query on the contentious issues involved in the negotiation.

Sullivan, who met Minister of State for External Affairs Preneet Kaur on Monday morning, said his visit was aimed at laying the ground work for the visit of European Commission's Vice President Catherine Ashton in January and the EU-India Summit.