European Union Ambassador to India Herve Delphin urged both parties on Saturday to finalize a free trade agreement as protection against rising global tariffs. The diplomat addressed the Federation of European Business in India and referenced nations implementing protectionist measures without naming the United States directly. EU President Ursula von der Leyen and Prime Minister Narendra Modi established a year-end deadline for completing negotiations, but significant challenges remain unresolved.
The EU maintains its position as India's largest trading partner, with bilateral commerce totaling 180 billion euros, encompassing both goods and services. Delphin emphasized the potential for expansion between the world's second- and fourth-largest economies. Negotiators are simultaneously developing an Investment Protection Agreement to establish secure conditions for foreign direct investment flows between the regions.
The EU maintains its position as India's largest trading partner, with bilateral commerce totaling 180 billion euros, encompassing both goods and services. Delphin emphasized the potential for expansion between the world's second- and fourth-largest economies. Negotiators are simultaneously developing an Investment Protection Agreement to establish secure conditions for foreign direct investment flows between the regions.
