India and the European Union are scheduled to begin the next round of talks for a proposed free trade agreement (FTA) from Monday in Brussels with the aim of concluding the talks by the end of this year,
The European Union's stringent environmental regulations pose significant challenges in the ongoing free trade agreement negotiations with India. Issues such as the Carbon Border Adjustment Mechanism and privacy data protection laws could impose additional costs on Indian exports,
India and the European Union (EU) will commence their 10th round of negotiations for a proposed free trade agreement (FTA) in Brussels tomorrow. The talks will focus on key issues such as agricultural tariffs, auto import duties, and regulatory barriers, with hopes to finalize the deal by the end of the year.
The European Union's strict environmental regulations pose significant challenges to its proposed trade pact with India. New rules on carbon tax and supply chain diligence could increase costs for Indian exporters.
Under the Carbon Border Adjustment Mechanism (CBAM), Indian exports of steel, aluminum, and cement to the EU could face tariffs of 20-35 per cent, even if an FTA is signed, the Global Trade Research Initiative (GTRI) said in its report.
European Union leaders are likely to urge India to lower its tariffs on cars and alcoholic beverages, and expand market access during European Commission President Ursula von der Leyen's visit to New Delhi.
U.S. President Donald Trump's proposal to impose reciprocal tariffs from early April on trading partners including India is worrying Indian exporters in sectors ranging from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.
Modi said many decisions were taken to “elevate and accelerate India-EU partnership” in the meeting. “India-EU strategic partnership is natural. Its core is trust and shared belief in ...
European Commission (EC) President Ursula von der Leyen, who was in New Delhi on February 27-28, and Indian Prime Minister Narendra Modi agreed to upgrade ties in a slew of areas spanning critical and new technologies, security, supply chain de-risking and resilience, and trade.
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