NEW DELHI: The proposed India-EU free trade agreement (FTA) is expected to improve access to technology and create new opportunities for localisation and exports, Skoda Auto Volkswagen India MD and CEO Piyush Arora told TOI. “The FTA strengthens our strategy of developing products in India for the Indian market, while also creating opportunities for exports……
India-EU FTA (AI image) By Agneshwar SenThe conclusion of the India–European Union Free Trade Agreement marks a defining moment in India’s contemporary trade diplomacy. Beyond tariff schedules and market access gains, the agreement signals a conscious shift in India’s approach to economic integration—away from the instinctive caution that has shaped its trade policy for much…
US Treasury Secretary Scott Bessent criticised European countries over the trade deal with India on Wednesday.Asked in an interview with CNBC whether the India-EU trade deal threatened US interests, Bessent said countries should do what is best for themselves. But he said he was “very disappointed” with Europe’s actions, especially given the war in Ukraine.“The…
European Union High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas on Tuesday welcomed the agreement, stating that India and Europe have the potential to significantly deepen cooperation across multiple sectors, including trade, security and defence.India and the European Union have concluded long-running negotiations on a landmark free…
NEW DELHI: India and the European Union on Tuesday announced the finalisation of “mother of all FTAs”, that will result in gradual tariff reduction for 96% of exports from both sides, while keeping contentious items such as cereals and dairy products outside the ambit.While Indian textiles, marine products, leather and footwear, gems and jewelry, toys…
US treasury secretary Scott Bessent attacked the India-EU free trade agreement set to be announced on Tuesday, accusing Europe of indirectly funding the Russia-Ukraine war through energy trade routed via India. The pact has been dubbed as “mother of all deal,” by both Indian and European leaders. The senior aide to President Trump said European…
European Union vice-president, Kaja Kallas, arrived in New Delhi on Saturday, marking her first official visit to India. The visit comes amid intensified diplomatic engagement between India and the EU.MEA spokesperson Randhir Jaiswal welcomed the official in a post on X, saying the visit builds on regular high-level engagements and comes at a timely moment…
NEW DELHI: Ahead of the India-EU summit next week, external affairs minister S Jaishankar met ambassadors of EU countries and stressed that the bilateral partnership will stabilise the global order through stronger trade, mobility and security ties. Jaishankar said in a post on X that he had spoken to the ambassadors about the current state…
India and the European Union are on the verge of sealing their long-delayed free trade agreement. (AI image) In a historic first, India and the European Union are all set to seal a trade deal that has taken almost two decades to finalize. The scale of the proposed free trade agreement is evident in Commerce…
Brazilian President Luiz Inacio Lula da Silva and European Commission President Ursula von der Leyen on Friday celebrated the expected signing of the free trade agreement between the EU and four South American countries the following day at a ceremony that Lula will not attend. This is the first major trade agreement for Mercosur, which…