European Union, India in ‘Intense’ Talks to Clinch Trade Deal
The European Union and India are engaged in intense negotiations to finalize a free trade agreement. This move is part of India's effort to diversify its trade relations beyond the United States, after facing tariffs from the US. The Indian government has emphasized the importance of this trade deal, with a top minister in Prime Minister Narendra Modi's cabinet stating that both sides are making a concerted effort to conclude the agreement. The agreement aims to enhance economic ties between the EU and India, the world's sixth-largest economy. The negotiations are crucial for India as it seeks to expand its trade footprint globally, particularly in the wake of the tariff disputes with the US. The EU, on the other hand, views India as an important strategic partner in the Indo-Pacific region, making the successful conclusion of this trade deal a priority for both sides.
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