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Multiple sources familiar with the matter revealed that the European Union and the Indo-Pacific Economic Community, comprised of 12 countries, are in talks to explore forming one of the worlds largest economic alliances.February 16th - A train derailment occurred in the Valais canton of southwestern Switzerland on the 16th local time. Swiss Federal Railways stated on its website that the accident was caused by an avalanche. Train service between Gopenstein and Brig in Valais has been suspended, and rescue operations are still underway.Indian trade officials: India has largely opened its agricultural sector to the United States through a quota system.Market sources say the Russian delegation to the Geneva talks will expand to about 20 people.Indian trade officials: The Chile Free Trade Agreement is Indias first agreement to include a chapter on key minerals.