India and the European Union together represent almost one-fifth of global trade and around 25 per cent of the global population, highlighting the growing economic and strategic weight of the partnership.
India and the EU will strengthen their strategic partnership with a Security and Defence Partnership, advancing trade, defence, climate, technology, and mobility cooperation. At the 16th India-EU Summit on Tuesday, leaders will discuss FTA progress, defence frameworks, global issues, and
US Treasury Secretary Scott Bessent accused Europe of indirectly funding the Russia-Ukraine war by buying Indian-refined fuel made from Russian oil, defended US tariffs on India, and said Indian crude purchases have dropped, suggesting a possible path to easing tariffs.
Brazilian President Lula will visit India in February before travelling to Washington. He discussed economic ties, security cooperation and global issues with US President Trump, while PM Narendra Modi highlighted the growing India-Brazil partnership and looked forward to welcoming Lula t
Announcing the move on Truth Social, Trump said, "Because the Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS, from 15% to 25%." It remains un
President of the European Council Antonio Luis Santos da Costa and the President of the European Commission Ursula von der Leyen are on a State Visit to India and were Chief Guests at the 77th Republic Day celebrations.
Sefcovic described the prospective pact as the "mother of all deals," noting that negotiators are "checking their final numbers" as the European bloc pushes to reduce India's steep import duties that can reach up to 150 % in some sectors.
Speaking to the reporters, Singhania said, "As far as the budget is concerned, the EU trade deal is expected to happen tomorrow. I think that will be a significant step to bring America to the negotiating table if India gets a very good deal with the EU."
India and the European Union are expected to formally announce a long-awaited trade agreement at the India-EU Summit on Tuesday, and this deal is projected to significantly expand bilateral trade and drive strong growth in Indian exports over the next decade, Deloitte India partner Gulzar Di