US EditionIndia and EU agree to conclude a long-pending free trade agreement by the end of this year
- The European Commission chief, Ursula von der Leyen, confirmed that the EU and India aim to finalize a long-pending free trade agreement this year during her visit to India.
- India and the EU relaunched negotiations on the agreement in 2021, with the next round planned for March.
- The EU is India's largest trading partner, with bilateral trade reaching over $135 billion in 2022-2023, nearly doubling in the last decade.
- Von der Leyen emphasized the importance of strong trade relations, stating, 'You need trusted friends. For Europe, India is such a friend and a strategic ally.
90 Articles
90 Articles
Why India must tread cautiously on EU free trade agreement
India might be much better off instead to strike a side-deal with France and Germany, nations that together account for 40 per cent of the bloc’s GDP, thereby securing a more tailored and potentially advantageous arrangement
The European Commission has already almost drafted Donald Trump’s tariff response manual. In it, the search for new markets and allies to reduce European dependencies is prominent, something that Brussels has been deploying for some time. The first two movements arrived even before the Republican returned to the White House, with the signing of the agreement with Mercosur and the updating of the treaty with Mexico. But this week there has been a…
Both sides agreed to conclude a free trade agreement "by the end of the year".
The EU Commission is visiting India with full team and is planning to conclude a free trade agreement by the end of the year.
The EU and India want to conclude a free trade agreement this year.
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