European Council Approves New Strategic EU-India Agenda With Efforts To Conclude FTA

The European Council approved a “New Strategic EU-India Agenda” that sets priorities for the decade and signals efforts to conclude a free trade agreement (FTA) with India. The agenda aims to deepen collaboration in trade, connectivity, defence, technology and supply-chains. As negotiations resume, both sides face key hurdles like agricultural access and services liberalisation. This step marks a renewed push for a stronger EU-India partnership. (ORF Online)

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European Council Approves New Strategic EU-India Agenda With Efforts To Conclude FTA
Finance • 65 days ago • 4666 views

European Council Approves New Strategic EU-India Agenda With Efforts To Conclude FTA

IN SHORTThe European Council approved a “New Strategic EU-India Agenda” that sets priorities for the decade and signals efforts to conclude a free trade agreement (FTA) with India. The agenda aims to deepen collaboration in trade, connectivity, defence, technology and supply-chains. As negotiations resume, both sides face key hurdles like agricultural access and services liberalisation. This step marks a renewed push for a stronger EU-India partnership. (ORF Online)

TL;DR

  • The agenda outlines joint priorities beyond just trade, including defence & technology.
  • The FTA negotiations are being accelerated with intent to conclude by end of year.
  • India pushes for services and data-flow access; EU emphasises market access for goods.
  • Issues like agriculture tariffs, carbon-border tax are major sticking points.
  • The agenda signals both sides view each other as strategic partners amid shifting global order.
  • Signing an FTA would mark one of the biggest deals in recent years.
  • Talks have entered a critical phase with leadership pledges of progress.
  • The agenda may also help in geopolitics and supply-chain diversification away from China.
  • Analysts say implementation will need detailed road-maps and institutional mechanisms.

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