PM Modi in Sweden: Strategic Partnership, FTA push and a pitch to double trade in five years
India and Sweden announced a five-year roadmap covering trade, defence, AI, space, startups, mobility and sustainability during Modi’s Gothenburg visit.
India and Sweden announced a five-year roadmap covering trade, defence, AI, space, startups, mobility and sustainability during Modi’s Gothenburg visit.
Israel’s approval of new West Bank settlements has drawn strong reactions globally, with the EU and OIC warning the move could deepen tensions and weaken chances of a negotiated peace.
The European Union has demanded that Washington honour its trade commitment and provide "full clarity" after the US President announced 15 per cent global tariffs following the Supreme Court's ruling to invalidate his previous tariffs under the International Emergency Economic Powers Act (IEEPA).
The conclusion of the India-European Union free trade agreement comes at a moment when the global trading system is under severe strain, shaken by geopolitical rivalries, economic nationalism and the increasingly unpredictable use of tariffs as political weapons.
The conclusion of the India–European Union Free Trade Agreement has been projected as a major diplomatic and economic milestone.
A total of 9,425 tariff lines have been opened for Indian goods under the India-EU FTA, providing access to a USD 20 trillion market.
PM Modi and the EU leaders witnessed the signing and exchange of the political declaration of the conclusion of negotiations of the India-EU Free Trade Agreement.
India-EU trade agreement is a perfect example of a partnership between two major economies of the world, Modi said.
The relationship between India and the European Union rests on shared values and principles, including democracy, rule of law, a rules-based international order, and commitment to effective multilateralism.
EU foreign policy chief Kaja Kallas has arrived in India as New Delhi and Brussels move to expand cooperation on trade, security and defence ahead of key diplomatic engagements.
