India and EU Aim to Finalize Free Trade Agreement by Year-End
Prime Minister Narendra Modi and European Commission President Ursula von der Leyen met in Delhi to discuss enhancing the India-EU strategic partnership
Their talks focused on deepening cooperation in trade, technology, and defense
Both leaders emphasized on finalizing the long-pending India-EU Free Trade Agreement by the end of this year, to boost bilateral trade and investment
In light of potential U.S. tariffs, the EU seeks to strengthen economic ties with India to diversify critical value chains and reduce reliance on other markets
Discussions included enhancing collaboration in technology and connectivity, with both sides aiming to establish a comprehensive security and defense partnership
Key topics addressed were the EU requesting India to reduce duties on products like cars and wine
India expressed concerns over the EU's proposed Carbon Border Adjustment Mechanism as a potential trade barrier that could impact Indian exports
President von der Leyen's visit, accompanied by the EU College of Commissioners, highlighting the EU's commitment to elevating ties with India