Page 29 - European Union

EU Council Prez speaks to PM Modi, calls India 'one of main partners'

Costa recalled his meeting with PM Modi during the Pravasi Bharatiya Divas in 2017 and expressed anticipation for the upcoming EU-India Summit, which is scheduled to take place later this year

EV sales surge by 60% in UK as carmakers slash prices to dodge fines

The UK government is now reviewing the rules, which could result in increased flexibilities to help manufacturers meet them

Centre to launch revised standards for organic agricultural products

India's export of organic products is regulated under the NPOP, which has been in effect since 2001 and is administered by the Department of Commerce, Ministry of Commerce and Industry

Apple discontinues iPhone 14, iPhone SE in EU as USB-C becomes mandatory

The change in regulations only applies to markets within the European Union. iPhone SE and iPhone 14 models are still available in other regions including India

Kavelashvili sworn in as Georgia's president, complicating EU path

Former soccer player Mikheil Kavelashvili was formally inaugurated as president of Georgia on Sunday, cementing the ruling party's grip in what the opposition calls a blow to the country's EU aspirations and a victory for former imperial ruler Russia. Outgoing pro-Western Georgian President Salome Zourabichvili said Sunday morning that she would vacate her residence at the Orbeliani Palace in Tbilisi, but insisted she was still the legitimate office holder. I will come out of here, come out to you and be with you. ... This presidential residence was a symbol as long as there was a president here who was legitimate. I bring legitimacy with me, Zourabichvili told a crowd of supporters outside the palace. She called Kavelashvili's inauguration a parody." Kavelashvili, 53, who was the only candidate on the ballot, easily won the vote earlier in December given the Georgian Dream party's control of a 300-seat electoral college that replaced direct presidential elections in 2017. It is ma

Finland seizes Russian 'Shadow Fleet'-linked oil tanker over cable sabotage

Finland and European Union link undersea cable sabotages in the Baltic to Russian 'Shadow Fleet', announce sanctions

Akums Group signs 200 million euro deal for European market expansion

The commercial supply of these products is expected to begin in 2027 and continue until 2032

Trade reforms, global value chains key to India's export strategy

Export promotion requires consistent and open trade policy

Russia says pipeline gas, LNG exports to Europe up by 18-20% in 2024

Russian pipeline gas exports to Europe face serious challenges

New French government looks to fix 2025 budget while avoiding collapse

French President Emmanuel Macron's office announced a new government Monday, after the previous Cabinet collapsed in a historic vote prompted by fighting over the country's budget. The government, put together by newly named Prime Minister Francois Bayrou, includes members of the outgoing conservative-dominated team and new figures from centrist or left-leaning backgrounds. Coming up with a 2025 budget will be the most urgent order of business. The new government enters office after months of political deadlock and crisis and pressure from financial markets to reduce France's colossal debt. Macron has vowed to remain in office until his term ends in 2027, but has struggled to govern since snap elections in the summer left no single party with a majority in the National Assembly. Since his appointment 10 days ago, Bayrou has held talks with political leaders from various parties in search of the right balance for the new government. Some critics on Monday were angry at Bayrou for ..

Google's proposed search result changes get thumbs up from EU airlines

Google has announced a series of changes in search result formats in recent months following conflicting demands from price-comparison sites, hotels, airlines and small retailers

Qatar to stop EU gas sales if fined under due diligence law: Report

Qatar's revenues in 2023 were 188.5 billion Qatari riyals ($51.64 bln), and 5 per cent of this is $2.5 bn

India raises barriers issue faced by domestic industry with European Union

India has flagged barriers being faced by domestic industry in the European Union (EU) markets and urged to address the issue, an official statement said on Friday. The issue besides the progress of proposed free trade agreement between the two was discussed during the meeting of Commerce and Industry Minister Piyush Goyal and European Commissioner for Trade and Economic Security Maros Sefcovic last night virtually. "Minister Goyal underlined that non-tariff barriers were impeding trade and emphasized the need to address long pending issues as a confidence building measure," the commerce ministry said. Both sides agreed to explore a balanced, equitable, ambitious and mutually beneficial FTA, it added. Following nine rounds of intensive negotiations, FTA (Free Trade Agreement) discussions require strategic political guidance to conclude a commercially significant and mutually beneficial agreement, with due consideration given to each side's sensitivities, the ministry said.

EU deal and Donald Trump tariff threats bolster Mercosur trade talks

Topping the list of Mercosur's most likely new trade pacts next year are deals with the European Free Trade Association of four non-EU nations

Auto-producer countries including Germany press EU to waive CO2 fines

Automakers have warned of plant closures and thousands of job losses, as they struggle with weak demand, Chinese competition and lower than expected electric vehicle sales

Wait for Donald Trump before extending Russia sanctions: Orban to EU

The EU has imposed 15 rounds of sanctions on Moscow over its invasion of Ukraine, which need to be extended every six months

EU leaders to send clear message to Trump about their support to Ukraine

The leaders will host Ukrainian President Volodymyr Zelenskiy at the start of their talks in Brussels

Focus on trade infra, MSMEs to help India double share in global trade: CII

Deeper integration into global value chains, enhanced digital trade infrastructure and a focus on building the competitiveness of MSMEs will help India more than double its share in global trade from the present 2 per cent, CII said on Wednesday. Chairman of the CII national committee on EXIM Sanjay Budhia said that the chamber is committed to working closely with the government to address critical challenges which hinder manufacturing and export growth. "The journey will require deeper integration into global value chains, enhanced digital trade infrastructure, and a focus on building the competitiveness of MSMEs," he said. To further unlock the potential of exports, he suggested a common online portal for issue of circulars pertaining to various ports and locations. There is also a need to adopt best practices being followed by developed countries and implement the CAARR (Customs Authority on Advance Ruling) Regulation, 2021 as it would contribute to reduction of global trade cos

India to brace up in future to deal with potential duty measures: Official

India will have to prepare itself in future to deal with issues like non-tariff and unilateral duty-related barriers like the EU carbon tax, a senior government official said on Wednesday. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that countries like the US and the European Union (EU) are trying to boost their domestic manufacturing through such measures. "So the US has been trying to boost its domestic manufacturing through the Inflation Reduction Act and CHIPS Act, the EU is trying to do it through CBAM (Carbon Border Adjustment Mechanism)...deforestation regulation is another mechanism of putting non-tariff barriers on goods coming from developing economies. "So both the combination of non-tariff measures as well as potential tariff measures in clear violation of WTO (World Trade Organisation) commitments is something which India has to brace up in future to deal with," Sarangi said. He was speaking at CII's export competitiveness conclave. Asked about

EU starts investigation of TikTok over Romanian election interference

The probe will look at if the short-video app failed to prevent bad actors from manipulating its recommendation system