The relationship between India and the European Union (EU) is “more important than ever,” said Minister of External Affairs Jaishankar on Tuesday.
“In a world that promises to be so volatile and if uncertain, a stronger India-EU relationship can be an important stabilization factor,” Jaishankar told the annual ICC-Bruegel seminar in New Delhi.
Jaishankar and EU
“India is certainly aware of Europe’s greatest strategic awakening in recent years. This can also serve as a deeper engagement driver, “he said.
“We already see that this happens, for example, in closer defense in security and technological cooperation,” he added. “The main thing is that the India-EU relationship is more important than ever,” he said.
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India-EU Trade
Jaishankar said there had been a more intensive commitment to the European Commission in recent years.
The Minister said that India and the EU were two of the world’s largest economies that shared synergies and offering important commercial and investment opportunities.
The EU is the largest trading partner in India and India is the ninth EU trading partner in terms of bilateral trade in goods.
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