EU Leaders to Seal Landmark Trade Pact with India at Republic Day
Top European Union leaders Antonio Costa and Ursula von der Leyen will attend India's Republic Day celebrations. The EU and India are poised to finalize a crucial free trade pact, strengthening their strategic partnership amid global trade tensions. This agreement could greatly enhance bilateral trade and cooperation.
- Country:
- India
In a significant diplomatic move, top European Union leaders, Antonio Costa and Ursula von der Leyen, will attend India's Republic Day celebrations as chief guests. The visit, set for January 25-27, aims to seal a free trade deal amid increasing global trade tensions.
The European Union is India's largest trade partner, with bilateral trade reaching USD 135 billion in 2023-24. This agreement is expected to deepen overall ties, encompassing sectors like defense and strategic partnerships, crucial amid Washington's shifting trade policies.
Co-chairing the 16th India-EU Summit, the leaders will likely finalize the free trade pact and unveil a defense framework. The new strategic agenda aims to enhance security, technology, and regional connectivity, strengthening the partnership's role in global issues.
(With inputs from agencies.)
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