EU Chief Ursula von der Leyen in India for Republic Day and ‘Mother of All Trade Deals’

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Aliquam non leo id magna vulputate dapibus. Curabitur a porta metus. In viverra ipsum nec vehicula pharetra. Proin egestas nulla velit, id faucibus mi ultrices et.


On this Special Report, the focus is on the landmark visit of European Union Chief Ursula von der Leyen to India. Arriving in the national capital for crucial trade talks, she and the EU Council President will attend the Republic Day parade as chief guests, a significant gesture in India-EU relations. The visit aims to finalize the ‘mother of all deals’, which Ursula von der Leyen noted ‘will create a market for 2 billion people or about one-fourth of the global GDP.’ The transcript outlines a major push for a Free Trade Agreement (FTA) to eliminate tariffs on over 90% of goods, potentially boosting trade in garments, pharmaceuticals, and IT services. Discussions will also cover strategic cooperation in technology, climate action, and security. Additionally, the report highlights praise from US aide Scott Besant regarding India’s trade compliance. This diplomatic engagement seeks to deepen economic integration, diversify supply chains, and increase bilateral trade, which currently stands at 136.53 billion US dollars.



Source link

Tags :

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

About Us

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, mattis, pulvinar dapibus leo.

Top categories

Tags

Blazethemes @2024. All Rights Reserved.