In New Delhi, leaders from India and the European Union (EU) are meeting to further discussions on a significant free trade agreement (FTA). This meeting is crucial as it comes after US President Donald Trump suggested imposing high tariffs on EU goods.
European Commission President Ursula von der Leyen arrived in New Delhi with a group of EU officials to meet with Indian Prime Minister Narendra Modi and other ministers. This visit marks the first time the official EU group has come to India.
Von der Leyen emphasized the friendship and strategic partnership between India and Europe via a social media post. This meeting is particularly important given Trump’s threats, which hint he might charge a 25% tax on EU products, including cars.
In response, the EU has stated it will take strong action against what it views as unfair tariffs. During their meeting, Modi and Von der Leyen will focus on promoting trade and cooperation in key sectors like technology, defense, and climate change.
They will also discuss a second meeting of the India-EU Trade and Technology Council, a group focused on collaboration in technology and trade. Plans include working together on 6G technology, artificial intelligence, and semiconductors.
Enhancing defense cooperation is another goal, including better coordination between the Indian Navy and European navies, particularly in areas like the Red Sea.
Von der Leyen began her trip by honoring Mahatma Gandhi. After their meeting, India’s external affairs minister, S Jaishankar, praised her commitment to strengthening ties between India and Europe.
While the EU will likely bring up the Russia-Ukraine conflict and sanctions against Russia, India is clear that solutions can only come from discussions between the two countries. Despite challenges, the trade relationship between India and the EU is strong, with substantial growth over the past decade.
In summary, this meeting aims to enhance economic ties, defense collaboration, and technological partnerships between India and the EU.