'India, EU can redo int'l economic order'

A successful trade relationship between India and the European Union holds the potential to significantly reshape the global economic order, but the two entities need to find common ground on various issues first, a report presented in the European Parliament said.

- Rhik Kundu

These issues include investor protection, tariffs, alcohol markets and digital frameworks, said the report from the Jacques Delors Institute titled ‘India and the European Union in 2023: Building A Closer Economic Relationship’. The future of the India-EU partnership depends on both parties’ ability to navigate these challenges, the report said.

“Even so, given their common concerns, the EU and India have a unique opportunity in the 2020s to deepen their partnership and shape the global agenda on trade, digitalization, climate change and security," the report written by Nicolas Köhler-Suzuki, a trade policy adviser and researcher with Jacques Delors Institute, added.