Page 9 - European Union

EU Nations reach deal on 2040 climate goal after key concessions

The agreement - announced after marathon talks among environment ministers in Brussels - was only reached after a number of concessions were made

JSW Steel laying groundwork for CBAM regime, says CEO Jayant Acharya

'The company was waiting for more clarity on the CBAM framework and tariff structures before finalising its capacity expansion plans and its timing'

EU team to visit India next week for 15th round talks on trade deal

Goyal expects both sides to make substantial progress towards closure by Dec

Early conclusion of India-EU FTA can make big difference: Jaishankar

An early conclusion of the proposed free trade agreement between India and the European Union can make a "big difference" in terms of stabilising the global economy and strengthening democratic forces, External Affairs Minister S Jaishankar said on Wednesday. He said this after meeting a high-powered trade delegation from the 27-nation bloc. The seven-member delegation is in India to push for finalisation of the long-awaited bilateral free trade agreement (FTA) between the two sides. "Discussed how India & the European Union can maximize convergences and deepen cooperation. This can stabilize the global economy and strengthen democratic forces," Jaishankar said on X. "The early conclusion of the India-EU FTA can make a big difference to these objectives," he said. Jaishankar remarks came as the two sides looked to wrap up negotiations for the mega trade pact. In September, Prime Minister Narendra Modi and European Commission President Ursula von der Leyen reaffirmed their ...

India, EU to hold talks on steel, auto and carbon tax issues under FTA

India and the European Union have agreed to continue discussions on issues pertaining to steel, auto, and carbon tax, as these areas carry higher sensitivities, under the proposed free trade agreement, the commerce ministry said on Wednesday. India has also pitched for ensuring redressal of both tariff and non-tariff barriers in the pact, besides creating transparent and predictable regulatory frameworks to boost bilateral trade, it said. These issues came up for discussions during the three-day visit of Commerce and Industry Minister Piyush Goyal to Brussels. He met EU Commissioner for Trade and Economic Security Maros Sefcovic and gave an impetus to the ongoing negotiations. The minister's official visit concluded on October 28. "They also agreed that issues related to steel, auto, CBAM (carbon border adjustment mechanism), and other EU regulations still require further discussion, as these issues have higher sensitivities," the ministry said. The EU has announced regulations su

EU Parliamentary trade delegation in India to discuss FTA progress

Seven EU Parliament members to meet Indian officials, industry bodies, and civil society groups to assess progress on the India-EU free trade agreement

Piyush Goyal to visit Brussels Oct 27-28 to push India-EU trade pact talks

Commerce and Industry Minister Piyush Goyal will visit Brussels on October 27 for talks with his EU counterpart to give political impetus to the proposed trade pact, as the deadline to conclude negotiations nears. During the two-day visit, Goyal will meet Executive Vice-President and European Commissioner for Trade of the European Union Maros Sefcovic, the commerce ministry said on Sunday. "The visit comes at a crucial stage in the ongoing India-EU Free Trade Agreement (FTA) negotiations, as both sides intensify efforts to conclude a comprehensive, balanced, and mutually beneficial trade agreement at the earliest," it said. The minister's visit aims to provide strategic direction and "political impetus" to the talks, it added. Discussions are expected to cover key areas of the proposed FTA, including market access, non-tariff measures, and regulatory cooperation. "The visit will also serve to review progress achieved so far and to identify areas requiring further convergence," the

Europe struggles to avoid being sidelined by Trump's world-shaping plans

When President Donald Trump took the stage in Egypt to hail the US-brokered ceasefire deal between Israel and Hamas, a row of world leaders stood behind him like extras in a political drama. It was a telling image. European governments have struggled to play a significant role in diplomacy over the Gaza war, while the America First leader has played a central one, pushing longtime allies in Europe toward the sidelines. Closer to home, they have labored with mixed results to shape Trump's response to Russian President Vladimir Putin's obstinate pursuit of the Ukraine war, a conflict with profound consequences for the continent's future. Is Europe able to influence Trump? I think the short answer... is no, said Lindsay Newman, a geopolitical risk expert and columnist for GZERO Media. The policy and positioning of the US government on Ukraine, on Israel, on its relationship with Europe is defined by the president and those around him. Largely the president. Newman said Trump's ...

European Union accuses Meta, TikTok of breaching transparency rules

The European Union on Friday said Meta and TikTok had breached their transparency obligations after an investigation that could result in billions of dollars in fines. The inquiry found both companies had violated the Digital Services Act, the EU's trailblazing digital rule book that imposes a set of strict requirements designed to keep internet users safe online, including making it easier to report counterfeit or unsafe goods or flag harmful or illegal content like hate speech, as well as a ban on ads targeted at children. We are making sure platforms are accountable for their services, as ensured by EU law, towards users and society, said Henna Virkunnen, the EU's executive vice president for tech sovereignty, security and democracy, in a post on X. Our democracies depend on trust. That means platforms must empower users, respect their rights, and open their systems to scrutiny. The DSA makes this a duty, not a choice. The 27-nation bloc launched investigations in 2024 into both

Croatia reinstates military conscription as Europe worries over Ukraine war

Croatia's parliament on Friday voted to reintroduce compulsory military service in the European Union and NATO member country. The move comes amid heightened tensions in Europe following the Russian aggression against Ukraine, as well as an apparent arms race and military buildup in the Balkans, which went through a bloody war in the 1990s. Lawmakers approved legal changes in a 84-11 vote and with 30 abstentions in the 151-member parliament. The army service will last two months and provide basic military training, public broadcaster HRT said. This decision marks a return to conscription, which was suspended in 2008 when the country shifted to a volunteer system. Croatia's Defence Ministry said the aim is to teach young people basic skills and knowledge that are needed in crisis situations, so they would contribute to national security. Authorities will start calling conscripts born in 2007 for medical checkups by the end of the year. Conscripts will receive a salary, and ...

India won't rush trade deals, will reject terms curbing its choices: Goyal

Piyush Goyal made these remarks while speaking at the Berlin Global Dialogue, adding that New Delhi would take a measured approach

EU backs Ukraine's funding needs, delays plan to use frozen Russian assets

EU leaders agree to support Ukraine's financial needs but delay €140 billion loan using frozen Russian assets, as Belgium seeks legal guarantees before backing the plan

EU sanctions 45 entities, including 3 India-based firms, over Russia links

Three India-based companies were among 45 entities sanctioned by the European Union on Thursday for their alleged links with Russian military. The EU slapped the punitive actions against the firms as part of its 19th package of sanctions which are part of efforts to put economic pressure on Russia for its invasion of Ukraine. There was no immediate reaction from Indian officials to the EU action. An EU readout said the European Council has identified 45 new entities "directly supporting" Russia's military and industrial complex by "enabling the circumvention of export restrictions on computer numerical control (CNC) machine tools, microelectronics, unmanned aerial vehicles (UAVs) and other advanced technology items". "These entities will be subject to tighter export restrictions with regard to dual-use goods, as well as items which might generally contribute to the technological enhancement of Russia's defence sector," it said. "Seventeen of these entities are located in third ...

Trump's turnaround sanctions target Russian oil firms that fund Ukraine war

The US and the European Union are hitting Russia with another round of sanctions, aiming to cut into oil and gas export earnings that fund Moscow's war against Ukraine. More than 3 1/2 years into the war, the effort remains a cat-and-mouse game, with Russia finding new ways to get around sanctions, and Washington and Brussels adding new ones and looking for ways to plug enforcement gaps. The chief target of the latest round: Russia's biggest oil companies, Rosneft and Lukoil. New US Treasury sanctions threaten their customers in India and China with retaliation that could include being sanctioned themselves. Meanwhile, the EU is phasing out by the end of next year those shipments of Russian liquefied natural gas that come by ship, and is going after cryptocurrency issuers, platforms and exchanges that Russia has used to skirt restrictions on its financial dealings with the outside world. US Treasury Secretary Scott Bessent said the move aimed to push Russian President Vladimir Puti

EU imposes new sanctions on Russian energy, joins US in pressure campaign

The EU will also tighten a transaction ban on two major Russian oil companies and sanction 117 additional so-called shadow fleet vessels

Belgium urges EU partners to share risk of using frozen Russian assets

Belgian Prime Minister Bart De Wever insisted on Thursday that his European partners must share the risk of using billions of dollars in frozen Russian assets that are held in his country to help keep Ukraine's economy and war effort afloat in the coming years. Ukraine's budget and military needs for 2026 and 2027 are estimated to total around USD 153 billion, and the European Union's executive branch has been developing a plan to use Russia's frozen assets as collateral to drum up funds. The biggest tranche of those assets some USD 225 billion worth is held in Belgium, and the Belgian government is wary of using the money without firm guarantees from other EU countries. If we want to give them to Ukraine, we have to do it all together, De Wever told reporters as he arrived for a summit with his EU counterparts in Brussels. If not, Russian retaliation might only hit Belgium. That's not very reasonable. We are a small country, and retaliation can be very hard. They might confiscat

India, EU discuss resolution of pending issues in proposed trade pact

Commerce and Industry Minister Piyush Goyal on Wednesday said he held a meeting with EU Trade Commissioner Maros Sefcovic to discuss outstanding issues related to the proposed trade pact. The meeting was important as Goyal is scheduled to visit Brussels next week to give an impetus to the ongoing negotiations for the proposed trade agreement between India and the European Union. "Had a productive engagement focused on the positive resolution of the outstanding issues with respect to the India-EU FTA with Mr @MarosSefcovic, EU Commissioner for Trade and Economic Security, ahead of my Brussels visit starting next week," Goyal said in a post on X. Goyal's visit follows the conclusion of the 14th round of talks between the two sides from October 6 to October 10. Commerce Secretary Rajesh Agrawal has also held talks with European Commission (EC) Director General for Trade (DG-Trade) Sabine Weyand in Brussels. Engagements between the two sides have increased as they have decided to conc

Apple challenges EU digital markets act in biggest antitrust court test

Apple's case is the most hard-hitting attack on the law, following on from an earlier defeat for ByteDance over its TikTok platform's inclusion in the DMA's scope

EU member nations back EU-India strategic agenda to boost ties, cooperation

All the 27 member nations of the European Union have unanimously backed the block's new strategic agenda with India that seeks to significantly ramp up two-way ties in several key sectors such as defence, trade and technology. The new document was released by the European Commission and the EU high representative for foreign affairs and security policy Kaja Kallas last month. The European Council comprising representatives of all the EU member nations unanimously supported it on Monday, according to EU officials. The new strategic agenda is expected to be adopted at the India-EU summit that is expected to be held in New Delhi early next year. The new strategic agenda identifies five areas of shared interest that include security and defence, connectivity and global issues, prosperity, sustainability, technology and innovation. Beyond the bilateral dimension, the new strategic agenda highlights EU-India joint engagement on global issues and with third partners, reflecting India's .

EU energy ministers push to ban all Russian gas by 2027 amid US pressure

Europe has been under pressure from the US to speed up moves to sever its energy ties with Moscow, and buy more American liquefied natural gas