The leadership of the EU, led by President Ursula von der Leyen, has visited New Delhi to discuss a free trade agreement with India amid potential U.S. tariffs. The meetings with Prime Minister Modi and cabinet members will focus on strengthening cooperation in various sectors, including technology and defense. This marks a pivotal moment in US-EU-India relations, especially considering the competitive global landscape.
In a significant diplomatic visit, European Commission President Ursula von der Leyen arrived in New Delhi with 20 members of the College of Commissioners to discuss a potential free trade agreement (FTA) with India. Meetings are scheduled with Prime Minister Narendra Modi and key cabinet members, following U.S. President Trump’s threats to impose 25% tariffs on EU goods, heightening the urgency for collaboration.
This visit marks the first time the EU’s College of Commissioners has traveled to India, emphasizing the growing strategic partnership between the two entities. Von der Leyen remarked on the necessity of having trusted allies in an era marked by conflict and competition, expressing India’s role as a valued partner.
The discussions will revisit the India-EU FTA negotiations, which resumed last year after a nearly decade-long pause. Key focus areas during these meetings will include collaboration in technology, defense, climate action, and green energy initiatives, reflecting a comprehensive approach to strengthen bilateral ties.
The second ministerial meeting of the India-EU Trade and Technology Council (TTC) will also take place, addressing topics such as telecommunications and artificial intelligence, which are critical for both economies. High-level representation from India highlights the significance of this partnership.
Strengthening defense collaboration is also a priority, including operations coordination between the Indian Navy and EU naval forces. A liaison officer will be appointed at the Indian Navy’s Information Fusion Centre to monitor shipping in the Indian Ocean region, showcasing the depth of cooperation envisioned in defense matters.
During her visit, Von der Leyen honored Mahatma Gandhi at his memorial before engaging in discussions with Indian officials. Both sides are aiming to redefine their cooperative framework to include trade, technology, and connectivity.
The EU intends to address the Russia-Ukraine conflict during these discussions, seeking clarity on India’s stance concerning trade sanctions. Nonetheless, India has reiterated its position that peace will stem from direct negotiations between Russia and Ukraine.
The EU currently stands as India’s largest trading partner, with bilateral trade surging over the past decade. In fiscal year 2023-24, trade in goods reached $135 billion, showcasing a significant exchange between both regions. Additionally, EU investments in India have amounted to substantial FDI inflows, reinforcing economic connections between the countries.
The meetings held between the EU leadership and Indian officials in New Delhi aim to reinforce the strategic partnership and advance discussions on a free trade agreement amidst external pressures. With a focus on overcoming challenges posed by tariffs, enhancing cooperation in technology and defense, and addressing geopolitical issues, the EU and India are poised to forge a more robust economic and diplomatic relationship. Given the significant trade dynamics and mutual interests, both parties are committed to addressing areas of collaboration efficiently, reflecting the growing relevance of their alliance.
Original Source: www.hindustantimes.com
