Indian exports are facing mounting pressure from aggressive trade policies by partners such as the United States and the European Union, a senior trade ministry official said on Tuesday.
You can count on my full commitment to make sure we can deliver,” she said, adding that the “free trade agreement between the EU and India would be the largest deal of this kind anywhere in the world.
European Union President Ursula von der Leyen is likely to discuss preventing restricted technologies from places such as India reaching Russia in violation of sanctions when she visits the South Asian nation from Thursday,
US President Donald Trump last night threatened to slap 25 per cent tariffs on imports from the EU, claiming the bloc “was formed to screw the United States.” Today, our trade and competition correspondents explain why the European Commission is decamping to India for a goodwill tour,
During the G-20 summit in India in September 2023, India, the United States, the UAE, Saudi Arabia, France, Germany, Italy, and the European Union (EU) announced plans to create the India-Middle East-Europe Economic Corridor (IMEC) and signed the IMEC memorandum.
European Commission President Ursula von der Leyen said Friday the European Union and India will work to finalize a free-trade agreement in 2025.
Its their first commitment to a deadline on talks that have been going for years, as they look to soften the effect of tariff increases from the US.
India and the European Union have agreed to finalize a long-pending free trade agreement this year and boost cooperation in trade, technology, connectivity and defense, Indian Prime Minister Narendra Modi and the European Commission chief said Friday.
She added that the EU was “exploring a future security and defence partnership with India” along the lines of pacts with Japan and South Korea, which would cover areas including terrorism, maritime security,
India and the European Union will try to seal a trade deal during this year, European Commission President Ursula von der Leyen said on Friday.
The head of the European Commission, Ursula von der Leyen, is in Delhi to strengthen trade and diplomatic ties with India amid looming tariff threats from the US. Von der Leyen is due to meet Prime Minister Narendra Modi on Monday.
European Union leaders are likely to urge India to lower its tariffs on cars and alcoholic beverages, and expand market access during European Commission President Ursula von der Leyen's visit to New Delhi.