Denmark’s envoy in India Rasmus Christensen said that the European Union and India are about to reach a trade agreement, a major step at a time when US President Trump imposed prices in New Delhi.
The envoy said Denmark considered India as a promising lace to invest.
“I certainly do not consider India as a dead economy. On the contrary, it is the fastest economy of the fastest growth. And I think that a testimony to this fact is that the EU and India negotiate a free trade agreement. I think that will be mutually beneficial,” Christensen told Ani.
Relation of India-Denmark
Diplomatic relations between India and Denmark, created in September 1949, are based on historical links, common democratic traditions and a shared desire for regional peace and stability, as well as peace and stability.
Bilateral relations were raised at the “green strategic partnership” at the virtual summit held on September 28, 2020 between Prime Minister Narendra Modi and the Prime Minister of Denmark Put Frederiksen.
The current development of renewed relations in India-Denmark was guided by the “Green Strategic Partnership”.
India will not compromise: Modi’s strong response to Trump’s pricing taxation
In a strong response to the American president Donald TrumpOn Thursday, Modi, said on Thursday that his country will not compromise 50% of the prices on Indian imports and that Prime Minister Narendra Modi said that his country will not compromise his country and that he is even “ready to pay a heavy personal price”.
The Prime Minister has remarked on the International Centennial Conference of Ms. Swaminathan in Delhi.
“For us, the well-being of our farmers is the highest priority. India will never compromise on the interests of its farmers, cattle breeders and Fisherfolk. I know that I should pay a heavy personal price for it. But I am ready,” said Modi.
“For the fisherman of my country, for the cattle elections of my country-today, India is ready. We are continuously working to increase farmers’ income and create new sources of livelihoods,” he added.
Trump’s latest tax crossroads takes up total rights to import Indian products into the United States at 50%, 20% more than the price on China and 31% more than on Pakistan.
In an executive decree signed, Trump wrote: “I find that the government of India is currently, directly or indirectly, importing oil from the Russian Federation … In my opinion, I determine that it is necessary to impose an ad valorem right to imports from India articles …”
The 50% rate occurs for hours after comments in angry on Indian-American trade relations.
“India was not a good trading partner … We have set 25% … But I think I will increase this considerably over the next 24 hours because they buy Russian oil,” he told an American broadcaster.
This potential change was underlined by Trump giving Pakistan a significant rate drop in the 19% Islamabad rate and sign a new trade agreement, including plans to develop Pak oil reserves.
Trump announced Wednesday that it would increase the prices imposed on “very substantially” Indian imports in the next 24 hours due to the continuous purchases of Russian oil from India.
“India was not a good business partner because they do a lot of business with us, but we are not dealing with them. So we have settled 25%, but I think I will increase this very considerably in the next 24 hours, because they buy Russian oil,” he told CNBC in a television interview.
It comes one day after Trump threatened that it would “considerably” increase American prices on India for the purchase of Russian oil, declaring that the Southern Asian country does not care about life lost in Ukraine.
About The Author
