India-EU Summit Highlights: India and Europe have concluded the “mother of all” trade deals, European Commission President Ursula von der Leyen said on Tuesday as Prime Minister Narendra Modi and the top EU leadership held summit talks to elevate the two-way ties to jointly navigate geopolitical turbulence and trade disruptions. Prime Minister Modi hosted von der Leyen and European Council President Antonio Costa at the summit.
The long-awaited free trade agreement is expected to significantly expand the overall trajectory of two-way engagement, as it will open up new opportunities for cooperation in diverse areas.
The FTA is expected to bring a qualitative change in deepening the overall bilateral ties in a range of sectors. The broad focus of today’s meeting is on trade, defence and security, climate change, critical technologies and strengthening the rules-based global order. The two sides are also set to unveil a defence framework pact and a strategic agenda. The new partnership comes at a time when Europe is seeking to reduce its dependence on the US and China and deepen its diplomatic and economic ties to other regions.
Here Are The Highlights On India-EU Trade Deal Here:
Does The India-EU ‘Mother Of All’ Trade Deal Spell Trouble For Donald Trump?
Although the deal was 20 years in the making, the return of US President Donald Trump had accelerated the need to seal the deal.
EU Firms Bet Big on India FTA, Survey Shows Investment Wave, Jobs Push
European companies in India are prepping for a fresh investment cycle and an overwhelming majority of these firms are planning to expand and deepen manufacturing in the country, and also embed India more firmly into global supply chains.
India-EU Pact Boosts Economic Confidence Of Traders, Artisans: Traders’ Body
The Confederation of All India Traders (CAIT) has welcomed the landmark India-European Union Free Trade Agreement (FTA), calling it a historic breakthrough that could reshape India’s trade landscape.
Article source: ndtv.com
