The European Union has planned to urge India to reduce its high tetf on cars and alcohol to promote trade, as it attempts to reduce its dependence on China, by a senior official of the block. Said that the European Commission Chairman New Delhi, beyond a visit to New Delhi, before a visit to New Delhi.
Echoing the threat of mutual tafs by US President Donald Trump, the official said that the European Union Wood Press India cut tetf on some goods and reach the broad market for its products, while expediting the free trade agreement. Offered flexibility on agricultural issues for.
“The Indian market is specific to the major products of commercial interest for industries in the Indian market relative, European Union and our member states, including cars, wine and souls.”
The two-day visit of Leyen with leaders of the European Union member nations coincide with the EC President Ursula, Brussels and New Delhi to increase geopolitical tensions, which is of appellate cooperation under their strategic partnership Are taken.
Leyen wants to meet Indian Prime Minister Narendra Modi on Friday, after which there was a discussion with Business Minister Piyush Goyal.
The next trade talks are scheduled for 10–14 March in Brussels.
The European Union call for lower tariffs comes amid the threat to implement Trump’s reciprocal taf from early April, which has created concern for India’s exporters. City Research analyst estimates a potential loss of about $ 7 billion annually.
The European Union is India’s largest trading partner, with a trade of close to $ 126 billion in 2024, which marks an increase of about 90% in the last decade.
Reduce dependence on China
As part of its “de-digging” strategy, the European Union aims to strengthen economic and security relations with India, diversify supply chains and reduce dependence on major products from China.
Therefore, the European Union has seen India as an important partner in resolving security challenges, the official said that including cyber threats and stress in the South China Sea and Indo-Pacific.
Therefore, Leyen hopes to seek India’s support for “Papiexful and Just Deal” for the protection of Ukraine, the official said.
The European Union and India can sign to share classified safety information to deal with the discovery of general threats, while discovering the defense equipment trade, and the discovery of general threats.
The thesis despite the potential benefits, the business analyst said that the journey could not give tangible results.
For adequate cooperation, the European Union should accept India as a data-safe country, the founder of the Delhi-based think-tank Global Trade Initiative, Ajay Srivastava and the former conversation of India on the trade talks with the European Union.
Srivastava said, “While both sides are concerned about China, nor is it seen as the highest priority,”