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India-EU Ties
India and the European Union will sign the ambitious free trade agreement by the end of this year, top EU leader Ursula von der Leyen said on Wednesday after holding talks with Prime Minister Narendra Modi. In the meeting, held on the sidelines of the G7 summit in this French commune, the two sides also resolved to step up security and defence cooperation. Besides Von der Leyen, the President of the EU Commission, the meeting was joined by European Council President Antonio Costa. "Since we have concluded the mother of all trade deals, we have been moving fast to deliver on our commitments. We will sign the Free Trade Agreement by the end of the year. And accelerate work on an investment agreement," Von der Leyen said on social media. "We will also step up security & defence cooperation. And join forces for better connectivity by advancing IMEC, the IndiaMiddle EastEurope Corridor," she said. India and the EU announced concluding negotiations for the mega trade deal at their ...
India actively negotiated with the European Union to open its market for seafood exports, helping the country overcome challenges arising from steep US tariffs, Union Commerce and Industry Minister Piyush Goyal said on Sunday. Addressing reporters here, he said the government anticipated disruptions and acted swiftly to secure alternative markets for Indian exporters. "Our government works 24 hours. Often, even before a problem arises, we begin planning and action," he said. Goyal said the US decision to impose 50 per cent tariff on Indian seafood had dealt a major blow to exports and caused distress among fishermen. "When America imposed a 50 per cent tariff on Indian seafood, our exports suffered a big setback. Fishermen were very worried. The Centre responded by engaging with the European Union and addressing regulatory bottlenecks that had earlier restricted Indian shipments," he pointed out. Several Indian fishing establishments had been delisted by the EU in the past, but In
European wines are set to enter the Indian market at lower prices under the bilateral free trade agreement as India will provide import duty concessions under the pact, an official said. Under the pact, the duty on EU wines would fall from 150 per cent to 20 per cent (for expensive ones). For wines below 2.5 euros, there will be no duty concessions. Indian wines, too, will get duty concessions in the EU member countries. India and the European Union (EU) on Tuesday announced the conclusion and finalisation of negotiations for a free trade agreement. The agreement is expected to be signed later this year and may come into force from early next year. The talks were concluded after 18 years. The negotiations started in 2007. Under the agreement, India will be giving duty concessions to the wines of the European Union (EU) in line with what it has agreed for Australia and New Zealand, but with slightly lower thresholds. It was a key demand for the EU. The official said Indian wine t
India and European Union on Tuesday explored ways to integrate their defence supply chains under a broader goal of deepening bilateral strategic ties. The issue figured prominently at a meeting Defence Minister Rajnath Singh held with European Union's chief of foreign and security affairs Kaja Kallas. "Discussed a range of bilateral security and defence issues including opportunities for integrating supply chains for building trusted defence ecosystems and future-ready capabilities," Singh said on X. "Looking forward to greater cooperation between India and the EU countries," he said. The meeting took place ahead of the India-EU summit talks.