Page 2 - India-eu

India, EU discuss efforts to accelerate balanced, mutually beneficial FTA

With India and the EU setting the year-end deadline to conclude a free trade agreement, teams from both sides held discussions on Saturday to accelerate efforts towards a balanced and mutually beneficial pact. The meeting was held between Commerce and Industry Minister Piyush Goyal and EU Commissioner for Trade and Economic Security Maros Sefcovic in Mumbai along with officials from both sides. "Our discussions focused on accelerating efforts towards a balanced and mutually beneficial free trade agreement. Looking forward to deepening economic ties and fostering a prosperous India-EU partnership," Goyal said in a post on X. On February 28, Prime Minister Narendra Modi and European Commission President Ursula von der Leyen agreed to seal a much-awaited free trade deal by this year amid rising concerns over US President Donald Trump's policy on tariffs. The two sides are scheduled to hold the tenth round of negotiations for the FTA from March 10-14 in Brussels. Further strengthening

India, EU eye security and defence partnership, commit to IMEC

Closer ties on green H2, AI and 6G planned

Now is not the time to limit India-EU cooperation, says Von Der Leyen

India and the EU are eyeing to seal by this year a free trade deal that would be the largest of its kind globally, European Commission president Ursula von der Leyen said on Friday, asserting that the two sides must take the strategic ties to the "next level" to effectively navigate geopolitical challenges. In a keynote address at a think-tank, Von der Leyen announced that the European Union is exploring a future 'Security and Defence Partnership' with India in the mould of the pacts it has with Japan and South Korea. The top European leader explained how the world is fraught with "danger" and that the modern version of great power competition is an opportunity for Europe and India to "reimagine" their partnership. Her comments came amid increasing strain in ties between the European Union and the US over trade and tariff as well as on the Russia-Ukraine conflict. "Over the last 30 years we have done a lot together. But in truth we have only been scratching the surface of the ...

India should push for provisions in FTA to address EU's carbon tax: GTRI

India should push for inclusion of protective provisions in its proposed free trade agreement (FTA) with the European Union to safeguard its interests against the EU's carbon tax, think tank GTRI said on Thursday. The EU has decided to impose Carbon Border Adjustment Mechanism (CBAM), or carbon tax, which will come into effect from January 1, 2026. It would mainly impact seven carbon-intensive sectors, including steel, cement, fertiliser, aluminium and hydrocarbon products. The Global Trade Research Initiative (GTRI) said that if protective language is not included in the agreement, post FTA, EU goods will enter India duty-free, while Indian steel and aluminum could face high carbon charges under CBAM when exported to the EU. "Since CBAM imposes tariffs based on production methods, it violates WTO (World Trade Organisation) rules. India must push for protective language in the FTA to address this issue," GTRI Founder Ajay Srivastava said. The suggestions came at a time when Europea

Unprecedented visit: A whole-of-govt approach needed for India-EU ties

Resetting relations between two large, complex, and heavily regulated economies needs to be read from a much broader perspective

EU, Ministry of Textiles launch 7 projects in 9 states to boost industry

According to the press release, as many of these projects will also support local communities and industries, they are expected to economically empower around 200,000 women

India lays stress on 'transition period' for European Union green norms

India-EU FTA was launched in June 2022. Nine rounds of negotiations have already taken place

India, EU firm up extensive roadmap for green hydrogen cooperation

India and the European Union (EU) have finalised an extensive roadmap for the green hydrogen sector that includes development of infrastructure, technology cooperation and boosting supply chains. The two sides deliberated on ways to enhance cooperation in the sector at the 10th meeting of the India-EU Energy Panel held on Thursday in Brussels. At the meeting, a "work plan" was adopted for the third phase of the India-EU Clean Energy and Climate Partnership 2025-28, which will focus on deeper cooperation in five priority areas, according to the Ministry of External Affairs (MEA). The priority areas are green hydrogen, offshore wind energy, regional connectivity, electricity market integration and smart grids, energy efficiency, and energy and climate diplomacy. "The two sides have set out an extensive agenda for green hydrogen cooperation, which includes assessing infrastructure development feasibility, regulatory and technology cooperation, and strengthening of supply chains," the

Retaliatory tariff on European Union: India to firewall local biz

The government's policy decision aims to avoid hurting the local industry by imposing higher import duty on key raw materials or intermediate goods from the trade bloc

Centre starts talks for retaliatory measures against EU steel tariff

Trade bloc to continue with tariff imposed on Indian steel since 2018

EU, India announce joint funding initiative to foster research cooperation

This new partnership will strengthen research and innovation ties between Europe and India and drive forward scientific and technological progress

Bulgaria wants to play more important role in India-EU relations: Lawmaker

Bulgaria's geographical position as the first member-country connecting the European Union (EU) with India gives it the added advantage of playing an important role in fostering closer ties with the 27-member economic bloc, according to a senior Bulgarian parliamentarian and former foreign minister. Kristian Vigenin, Deputy Chair of the Bulgarian Socialist Party (BSP) and Chair of the Bulgaria-India Friendship Group in the Bulgarian Parliament is expected to be among the newly-elected members of the European Parliament (MEPs) after the results of the EU-wide elections are officially declared later this week. In his future role, the Vice-Speaker of Bulgaria's National Assembly said he wants to champion greater India-EU parliamentary cooperation that has slowed down due to "stresses in the system" of the COVID pandemic and the Russia-Ukraine conflict. Although the size of India and Bulgaria are not comparable, I believe that we need to do more as a country which is part of the EU to .

Meity calls for plans on India-EU cooperation on high-performance computing

The objective of the joint call is to create solutions and use cases in the mutual areas of interest using high-performance computing, said the ministry

India must set its own artificial intelligence regulation: Experts

India must set its own AI regulation: Experts

India, EU to team up for drone regulation and air traffic monitoring

Final agreement between two sides will enable exchange of data on flight plans

Why the European Union's CBAM is worrying for Indian steel exports

The mechanism will come into force in 2026, with a levy linked to EU carbon market price, on imported iron, steel, aluminum and other products

India-European Union trade council's first ministerial meet by June

Last month, both sides constituted three trade working groups under the council that will cover key issues, such as strategic technologies, digital governance, connectivity and trade

India-EU sign 'Intent of Cooperation' on Climate Modeling, Quantum Tech

India and the European Union signed an "Intent of Cooperation on High-Performance Computing (HPC), Weather Extremes and Climate Modeling and Quantum Technologies" at a virtual ceremony in New Delhi

ESMA logjam: India, EU differences may impact trade between two countries

ESMA has this week said Indian clearing corporations will not be recognised as such in Europe because "no cooperation arrangements" could be signed between it and the Indian regulators

India, EU look to make a fresh start for a trade deal in Brussels

The launch of fresh negotiations with the EU comes close on the heels of India signing two trade deals, with the United Arab Emirates (UAE) and Australia