India
FREE TRADE PACT WITH INDIA BY YEAR-END: EU CHIEF URSULA VON DER LEYEN
The India-EU Free Trade Agreement will be inked by the end of 2026. It will be made operational quickly. This deal will cut tariffs on over 90 percent of goods. European companies will gain access to India's economy. A bilateral investment agreement is also being fast-tracked. This partnership aims to build resilient supply chains. President of the European Commission Ursula von der Leyen termed it a “missing piece of the puzzle” in the cooperation plans of the two economies. Ms. Von der Leyen was speaking at the European Business Round Table for Industry in Gothenburg, Sweden, where Prime Minister Narendra Modi also delivered his address. The investment agreement, being negotiated alongside the trade deal, was not finalised as the two sides could not agree on some key aspects, the most notable being dispute resolution. (ICE NEW DELHI)
Fonte notizia: The Hindu
