of India republic day celebration This year two top personalities of Europe will attend as chief guests. European Council President Antonio Luis Santos da Costa And European Commission President Ursula von der Leyen India’s presence will not be limited to formal diplomacy only, but will be its focal point – India-EU Free Trade Agreement (FTA).
Along with the state banquet and the grand Republic Day parade, the top item on the agenda of both the leaders is taking forward the long-pending trade talks with India. This initiative comes at a time when Europe is going through a challenging geopolitical environment. Recent US President donald trump had threatened to escalate a trade war against European allies, although he later softened his stance.
India inviting European leadership for Republic Day is a clear diplomatic message Also gives. This is an indication that India is making its mark at the global level. Rapid expansion of strategic and trade relations is doing, especially at a time when the sanctions imposed by the US 50% tariff The standoff with Washington over the issue has dragged on into the new year.
based in london Chatham House Think-tank analyst chitij bajpai According to, this step shows that India is a diverse foreign policy And it is not limited to the pressure of any one country or administration.
According to media reports, this much-awaited trade agreement between India and the European Union 27 January It may be announced during the high-level summit to be held on Ursula von der Leyen and Commerce Minister of India Piyush Goyal both this agreement “Mother of All Deals” Have said, which underlines its strategic and economic importance.
About two decades of difficult negotiations After this the agreement has reached the final stage. If this is implemented, it will be India’s lowest in the last four years. Ninth Free Trade Agreement will be. Earlier, India has signed similar agreements with Britain, Oman, New Zealand and other countries.
This agreement is also important for the European Union. In recent years Brussels mercosur trade blockJapan, South Korea and Vietnam, and now this agreement with India will further strengthen its Asia strategy.
Economist Intelligence Unit Senior Analyst of Sumedha Dasgupta According to, in the current global situation, both India and the European Union reliable business partners Are looking for. While India wants to balance the US tariff pressure, Europe is taking steps towards reducing its trade dependence on China.
Experts believe that this agreement will be a big step towards changing the image of India, which has been negative for a long time. protectionist economy Has been seen as.
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