European Union

India, EU likely to conclude much awaited FTA talks on January 27

'Sensitive' agri issues may be off the table

European troops arrive in Greenland amid Trump's push to acquire island

Greenland and Denmark say the island is not for sale, that threats of force are reckless and security concerns should be resolved among allies

EU leaders Antonio Costa, Ursula von der Leyen to be Republic Day guests

Top European Union leaders Antonio Costa and Ursula von der Leyen will be the chief guests at India's 77th Republic Day celebrations, the Ministry of External Affairs announced on Thursday. Costa and von der Leyen will undertake a three-day visit to India beginning January 25 and the two sides are expected to announce firming up of the much awaited India-EU trade pact during their trip. India and the European Union (EU) have been strategic partners since 2004. The bilateral ties have expanded and deepened across a wide range of areas, particularly following the historic visit of EU College of Commissioners to India in February last year, the ministry said. At the invitation of Prime Minister Narendra Modi, European Council President Antonio Luis Santos da Costa and European Commission President Ursula von der Leyen will be on a state visit to India from January 25 to 27, it said. The MEA said the two European leaders will be the chief guests at the 77th Republic Day celebrations.

India-EU trade deal likely on Jan 27, EU leaders to attend summit in Delhi

President of the European Council Antonio Luis Santos da Costa and President of the European Commission Ursula von der Leyen will be on a state visit to India from January 25 to 27

'Fundamental disagreement' over Greenland after US talks: Danish official

Denmark's foreign minister said Wednesday that a fundamental disagreement over Greenland remains with President Donald Trump after talks in Washington with Vice President JD Vance and Secretary of State Marco Rubio. But the two sides agreed to create a working group to discuss ways to work through differences as Trump continues to call for a US takeover of Denmark's Arctic territory of Greenland. Trump is trying to make the case that NATO should help the US acquire the world's largest island and says anything less than it being under American control is unacceptable. Denmark has announced plans to boost the country's military presence in the Arctic and North Atlantic as Trump tries to justify his calls for a US takeover of the vast territory by repeatedly claiming that China and Russia have their designs on Greenland. Denmark is ready to explore what is doable' on Greenland, even amid disagreements with the US Leaders from Denmark and Greenland say they don't agree with Trump on t

Greenland rules out joining US, backs union with Denmark amid tensions

Nielsen's remarks come ahead of a high-stakes meeting of Danish and Greenlandic foreign ministers with US Secretary of State Marco Rubio and US Vice President JD Vance in Washington on Wednesday

Datanomics: Ties with Germany to power India-EU relations ahead

The visit is significant in the wake of ongoing discussions to finalize the India-European Union FTA

India-EU FTA negotiations near end: How the deal could boost exports

India and the European Union (EU) are negotiating a free trade agreement (FTA). Negotiations have reached the final stage. If finalised, this will be the 19th trade deal for India. The FTA is expected to help boost the country's exports to the 27-nation bloc. Since 2014, India has finalised seven trade pacts -- Mauritius (April 2021 implemented), Australia (December 2022 implemented), UAE (May 2022 implemented), Oman (signed in December 2025), UK (signed in July 2025), EFTA (implemented in October 2025 - Switzerland, Iceland, Liechtenstein, Norway), and New Zealand (talks concluded in December 2025). Importance of this FTA: The imposition of high tariffs by the US has disrupted the global flow of goods. India is facing steep 50 per cent tariffs. The FTA is expected to help Indian exporters diversify their shipments. It will also help reduce dependence on China. Benefits for India and the EU: Tariffs or import duties are either reduced or eliminated under an FTA. Therefore, an FTA

EU, China agree on steps to resolve tariffs and pricing for EV exports

China and the European Union said on Monday they have agreed on steps toward resolving their dispute over the bloc's imports of Chinese-made electric vehicles. A statement by China's Commerce Ministry said the EU would issue guidelines on minimum pricing for Chinese auto exporters. It did not directly mention if the deal involved an end to the tariffs of up to 35.3 per cent that the EU imposed on imports of Chinese EVs in 2024 following an investigation. This is conducive not only to ensuring the healthy development of China-EU economic and trade relations, but also to safeguarding the rules-based international trade order, a statement by the commerce ministry said. A guidance document released by the EU gives instructions for EV manufacturers on making price offers, including minimum import prices and other details. It said that wide variations in the types of vehicles made it necessary to set specific minimum import prices "appropriate to remove the injurious effects of the ...

India's exports of petroleum products touched record high in 2025

This despite West sanctions on Russian oil and Suez Canal hurdles

India, EU ask officials to fast-track talks to seal free trade agreement

India and EU trade ministers have directed officials to resolve pending issues and expedite the negotiations to finalise the proposed free trade agreement, an official statement said on Saturday. Commerce and Industry Minister Piyush Goyal and EU Commissioner for Trade and Economic Security Maros Sefcovic met in Brussels and took stock of progress of negotiations. The two-day visit of Goyal concluded on January 9. "Both leaders provided guidance to negotiating teams to resolve pending issues and expedite the agreement," the commerce ministry said. The meetings focused on reviewing the progress achieved across various negotiating tracks including Market Access for Goods, Rules of Origin, and Services. The ministerial engagement was preceded by high-level discussions between Commerce Secretary Rajesh Agrawal and Director-General for Trade, European Commission Sabine Weyand, on January 6-7, 2026. The officials worked to "narrow divergences" and ensure clarity on outstanding issues,

India, EU hold FTA talks, reaffirm commitment to protect farmers, MSMEs

India and the European Union (EU) on Friday held talks in Brussels on the proposed Free Trade Agreement (FTA) and reaffirmed their commitment to a rules-based trading framework and a modern economic partnership that safeguards the interests of farmers and MSMEs. Commerce and Industry Minister Piyush Goyal is on a two-day official visit to the EU headquarters for the talks. He has held high-level talks with EU Trade and Economic Security Commissioner Maros Sefcovic for securing a mutually beneficial FTA. "During this dialogue, we deliberated across key areas of the proposed agreement. We reaffirmed our commitment to a rules-based trading framework and a modern economic partnership that safeguards the interests of farmers and MSMEs while integrating Indian industries into global supply chains," Goyal said in a social media post. The ministerial engagements follow a week of intensive deliberations in Brussels, building upon the groundwork laid during high-level discussions held earlie

Cloudy skies over US-EU trade deals: India prepares for headwinds

Amid political turmoil in the US and EU, India's hopes of quick trade deals face growing uncertainty, calling for realism and preparation for worst-case scenarios

ECB Prez Lagarde hails Bulgaria joining Euro as symbol of Europe's unity

The Balkan nation of 6.4 million people just completed its economic transformation and became the latest country to join the world's biggest currency zone

2026 to bring data, policy, tax changes; labour codes, CBAM to take effect

With new GDP, CPI and IIP base years, sweeping tax reforms, GST overhaul, labour code rollout and EU's carbon tax, 2026 is set to reshape India's economic, regulatory and labour landscape

EU's carbon tax to kick in from Jan 1, may hurt Indian exporters: GTRI

The European Union's (EU) carbon tax on certain metals will come into force from Thursday and is expected to hurt India's steel exports, think tank GTRI said on Wednesday. The 27-nation bloc is imposing this tax on goods that emit carbon during the manufacturing process. In steel, emissions are highest for Blast Furnace -- Basic Oxygen Furnace (BFBOF) routes, lower for gas-based Direct Reduced Iron (DRI), and lowest for scrap-based Electric Arc Furnace (EAF) routes. Similarly, in aluminium, electricity source and power intensity are critical. Power generated from coal significantly raises the carbon burden and, therefore, the CBAM cost. The Global Trade Research Initiative (GTRI) said that many Indian exporters may have to cut prices by 15-22 per cent so EU importers can use that margin to pay the CBAM (carbon border adjustment mechanism) tax. Indian exporters will not pay the tax directly as the EU-based importers -- registered as authorised CBAM declarants --have to buy CBAM ...

China, EU lead Russian fuel purchases as India suffered despite cuts

India has gained the least since Russia invaded Ukraine in February 2022 and was penalized the most, while the US, China and the European Union emerged as the biggest beneficiaries from the war

US imposes visa bans on ex-EU commissioner Thierry Breton, and 4 others

In a statement, US Secretary of State Marco Rubio alleged that the five Europeans had 'advanced censorship crackdowns' against 'American speakers and American companies'

Europe slams visa bans as US takes fresh swing at allies over 'censorship'

In Brussels, Paris and Berlin, senior officials condemned the US bans, and defended Europe's right to legislate on how foreign companies operate locally

China to impose up to 42.7% provisional tariffs on EU dairy products

China will impose up to 42.7 per cent of provisional tariffs on dairy products, including milk and cheese imported from the European Union, its Commerce Ministry said on Monday. The elevated duties, which take effect Tuesday, were based on preliminary results from an investigation opened by China's Commerce Ministry in August 2024 as tensions between Beijing and Brussels flared. Beijing reviewed subsidies provided by EU countries for their dairy and other farm products. Beijing's probe was launched as part of tit-for-tat measures as the EU investigated Chinese subsidies on electric vehicles, and later imposed tariffs as high as 45.3 per cent on China-made EVs. China had initiated other probes into European brandy and pork imports as countermeasures for the EU's tariffs on Chinese EVs. It had also urged the EU to scrap its EV tariffs. The temporary duties on EU dairy imports will range from 21.9 per cent to 42.7 per cent, according to the Commerce Ministry, and will cover a basket o