Indian links are strengthened with the increase in trade, cooperation in defense, security and technology, marking a key partnership for global stability.
The Indian Minister of External Affairs, S. Jaishankar, recently spoke of the growing importance of the India-EU relationship in a volatile world. During his speech during the annual Iic-Bruegel seminar in Delhi, Jaishankar stressed how the stronger links between India and the European Union (EU) could act as a stabilization force in the world of global uncertainties .
Key protruding facts of Jaishankar’s address:
- Strategic partnership: Jaishankar has noted that Europe has experienced a strategic awakening in recent years, which aligns the growing global influence of India. This has led to more in -depth cooperation, especially in defense, security and technology.
- Increased commitment: There has been a more intensive interaction between India and the European Commission, opening the way to stronger bilateral cooperation.
India-EU Trade: Economic Partners Keys
- Economic importance: India and the EU are two of the world’s largest economies, India being the ninth EU trading partner. In 2023, the total value of the EU-indeed exchange of affected goods Euro 113.3 billion.
- Trade surplus: India benefits from a trade surplus with the EU, with exports Euro 64.9 billion and imports to Euro 48.4 billion.
- Commercial sectors: The main EU exports to India include machines, planes and electrical equipment. India exports machines, chemicals and transport equipment to the EU.
In conclusion, Jaishankar stressed that the India-EU relationship is more crucial than ever, both politically and economically, and is positioned to play an important role in global stability in the future.
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