India-EU to Resume Free-Trade Talks with Focus on Clean Energy and Technology
Key Ideas
  • India and the EU are set to resume free-trade pact negotiations focusing on key areas like clean energy, digital technology, and sustainable urban development.
  • The talks will include discussions on reducing tariffs for automobiles and alcoholic beverages, concessions for MSMEs, and concerns over the EU's Carbon Border Adjustment Mechanism.
  • The negotiations aim to enhance cooperation in trade, investments, and defense, marking a significant step in the bilateral relations between India and the EU.
  • With the EU being India's largest merchandise trading partner, the discussions also cover areas such as artificial intelligence, semiconductors, and the EU's Deforestation Regulation.
India and the European Union are gearing up to restart free-trade pact negotiations with a focus on various crucial areas, including clean energy, digital technology, and sustainable urban development. The talks coincide with European Commission President Ursula von der Leyen's visit to New Delhi for discussions with Prime Minister Narendra Modi. Key points of negotiation involve reducing tariffs for automobiles and alcoholic beverages, seeking concessions for MSMEs, and addressing concerns over the EU's Carbon Border Adjustment Mechanism. The EU's inaugural visit as a team to India aims to strengthen the Strategic Partnership established in 2004. With the EU being India's primary merchandise trading partner, the discussions also touch upon important topics like artificial intelligence, semiconductors, and the EU's Deforestation Regulation. This renewed engagement signifies a positive step towards bolstering trade, investments, and defense cooperation between the two entities.
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