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India, EU gear up for lOth round of FTA negotiations
Hindustan Times
|November 27, 2024
Fresh momentum in India-European Union (EU) free trade negotiations has emerged against the backdrop of global uncertainties and shifting geopolitical equations after the US presidential elections, as top negotiators from both sides met in Brussels recently to prepare for the 10th round of talks.
The 27-member European bloc sees India, with its democratic values and robust economy, as a natural trade partner to ensure trusted supply chains amid turbulent global conditions, according to officials familiar with the matter.
"India is the go-to country for most of the developed world amid an expected change in trade dynamics after President Trump assumes power in January. EU would not like to miss the bus after investing over two years in negotiating an FTA with India since June 2022," said a person close to the negotiations.
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