The EU has proposed a new strategic program to increase bilateral relations with India at a higher level, with the aim of better coordination cooperation and to improve the prosperity and safety of the two partners.
“India is one of the most important actors in the world today and a natural partner for the European Union,” said the head of the EU foreign policy, Kaja Kallas: “There are many areas where our interests, our forces and our prosperity are citizens and businesses on both parties. There are areas where we are unraveling.”
After the college visit to India in February, joint communication describes the EU strategic vision to improve cooperation with New Delhi.
It identifies five areas of common interest and complementary forces, based on existing links while attacking the areas that have increased engagement potential. In the midst of changing geopolitical realities, the closer EU-India relations are increasingly essential to strengthen economic growth and security, and the diversification of supply chains in response to the uncertain global order today. Beyond the bilateral dimension, the new strategic program highlights the joint EU-Indian commitment on global issues and with the third partners, reflecting the growing global influence of India.
In 2024, the European Union exchanged goods worth 120 billion euros, which made the largest trading partner in European Union, before the United States and China.
“An EU-India free trade agreement would be commercially unlocking a vast potential,” said EU commissioner Maros Sefcovic. By attacking tariff and non -tariff obstacles, we can stimulate new waves of commerce and investment, strengthen our supply chains and help protect global trade open and based on rules. »»
More than 6,000 European companies now operate in India, directly employing 2 million people and indirectly supporting 6 million additional jobs.
EU’s investment in India has almost doubled at 140 billion euros in just five years, making the EU one of the main Indian investors.
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