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After India-EU Summit, Is a Free Trade Agreement on the Cards?


After India-EU Summit, Is a Free Trade Agreement on the Cards?
News18
3 hours ago
© Provided by News18
After India-EU Summit, Is a Free Trade Agreement on the Cards?
Even as the European Union has got politically weakened by Brexit, internal tensions between western European countries and eastern ones, notably Hungary and Poland, over issues of democracy and European values, problems of migration, Islamism, terrorism and rise of right-wing forces, and, in addition, economically enfeebled by the still-uncontrolled COVID crisis, India has decided to draw closer to it, driven by its own political and economic challenges.
The European Union (EU) as an entity is India’s biggest economic partner, with a roughly balanced two-way trade amounting to $115.6 billion (2018-19), the second largest destination for Indian exports (14 per cent of total). EU’s share in foreign investment flows into India increased from 8 per cent to 18 per cent in the last decade, ....

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The EU-India Summit: Gearing up for global challenges


Gauri Khandekar is a researcher at the Brussels School of Governance at the Vrije Universiteit Brussel.
On 8 May the EU-India summit took place in an unprecedented format – Indian Prime Minister Narendra Modi joined (virtually) the EU Council meeting composed of the heads of state and government of the EU’s 27 member states and the Presidents of the European Council and Commission, an arrangement previously used only for the United States.
The set-up itself signposts the importance Brussels now attaches to New Delhi, especially amidst growing frictions in EU-China relations and rising European ambitions to shape the regional architecture of the Indo-Pacific. ....

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Experts react: EU and India clash on vaccines, make strides on trade


Experts react: EU and India clash on vaccines, make strides on trade
New Atlanticist
by
South Asia Center
European Council President Charles Michel participates in an online summit with Indian Prime Minister Narendra Modi during the EU summit round table meeting at the Crystal Palace. Photo by Dario Pignatelli/European Council via Reuters.
On May 8, 2021, leaders from the European Union (EU) and India met virtually in Porto, Portugal, for the EU-India Leaders’ Meeting. With an emphasis on shared interests, democratic values, and respect for human rights a controversial issue given India’s recent democratic backslide the meeting culminated in the renewal of free-trade negotiations, the start of two additional trade agreements, and a new Connectivity Partnership. This represents a significant opportunity for India as the country is one of two with which the EU has conc ....

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Principles, Partnership, Prosperity: EU and India launch collaboration on sustainable connectivity


in third countries and regions, including Africa, Central Asia and the Indo-Pacific.
The EU-India Connectivity Partnership covers cooperation in the digital, energy, transport, and people-to-people sectors. It is fundamentally rooted in support for the twin digital and green transitions, adherence to and development of international standards, as well as the shared norms and values of social, environmental, economic and fiscal sustainability and level playing field.
The EU and India today represent a combined market of 1.8 billion people with a combined GDP of €16.5 trillion per year. By 2030, India will be the most populous country in the world with a median age of just 31. Studies point to growth of over 250% in India s core digital economy between 2019 and 2025. ....

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