European Commission President Ursula von der Leyen has placed India at the centre of Europe’s trade strategy, urging closure of the long-pending India-EU free trade agreement. The deal could boost economic ties, reflect India’s strategic confidence, and alter global trade dynamics.
Modi has a shot at history-making with EU’s India visit
India is set to significantly reduce import duties on cars from the European Union. Tariffs will drop to 40% from as high as 110%. This move is part of a major free trade agreement expected soon. European automakers like Volkswagen and BMW will see easier market access. This pact aims to boost bilateral trade and […]
Canada is pursuing a strategy to boost trade beyond the United States. Foreign Minister Anita Anand stated the nation will not be deterred by recent threats from the Trump administration. Canada aims to double its non-US exports within ten years. This diversification includes forging new trade relationships with countries like India.
India and the European Union are on the verge of sealing a landmark free trade agreement, with both parties displaying a positive outlook on its potential benefits. This pivotal deal, culminating nearly two decades of discussions, promises to strengthen economic connections and reduce expenses for businesses and consumers alike.
India’s auto component sector anticipates accelerated technology transfers, joint ventures, and exports with the proposed EU free trade agreement. This pact is poised to boost electric vehicle and auto parts shipments, lower import costs, and integrate Indian suppliers deeper into European value chains, positioning India as a key partner.
India and the European Union are nearing a free trade agreement that could slash import duties on automobiles, including electric vehicles, to 10-15%. This move is anticipated to boost European luxury EV sales in India and position the country as a competitive manufacturing hub for these vehicles.
US Treasury Secretary Scott Bessent indicated potential removal of 25% extra tariff on India if its Russian oil purchases continue to decline, calling the outcome a “huge success.” This comes as the US Congress debates a bill that could impose a 500% duty on countries buying Russian oil, while India maintains its focus on securing […]
India, EU likely set to unveil new strategic agenda, announce ‘mother of all deals’ at Jan 27 summit
1 month ago
The upcoming India-EU summit on January 27 will focus on a joint strategic agenda to deepen cooperation across prosperity, technology, security, and connectivity. Leaders are also set to announce the conclusion of the long-pending free trade agreement, aiming to boost bilateral trade and investment.
The US has hinted at removing the additional 25% tariff on India after New Delhi sharply cut Russian oil imports. Treasury Secretary Scott Bessent said India’s purchases have “collapsed,” calling the tariffs a success. Imports fell about 30% year-on-year in early January. India maintains its strategic autonomy even as Washington weighs tougher trade measures.
India-EU FTA: European Union’s Vice-President Kaja Kallas is in New Delhi for a visit that could see a long-awaited free trade agreement finalized. This pact, dubbed ‘the mother of all deals,’ aims to boost trade between India and the 27-member bloc. A new security and defence partnership is also set to be signed, signaling a […]