EU-India Strategic Ties
The European Union (EU) is seeking to enhance its strategic relationship with India, as per a new plan unveiled by the European Commission and its top diplomat, Kaja Kallas. This plan, titled 'A New Strategic EU-India Agenda', emphasizes collaboration in trade, technology, security, defense, and climate.
Context and Challenges
- The EU regards India as a crucial partner, though concerns exist due to India's military exercises with Russia and its purchase of Russian oil.
- The EU aims to uphold a rules-based international order, and sees India's ties with Russia as a potential obstacle.
- Despite these challenges, the EU and India are negotiating a free trade agreement (FTA) and a defense industry information exchange agreement.
Trade Negotiations
- Trade between India and the EU has increased by over 90% in the past decade, yet many opportunities remain untapped.
- The EU's Trade Commissioner, Maroš Šefčovič, highlighted the importance of resolving agricultural tariffs and non-tariff barriers, such as India's Qualitative Control Orders (QCOs).
- Ongoing trade talks aim to finalize a deal by the year's end, with the 14th round scheduled in Brussels from October 6-10.
Geopolitical Dynamics
- EU leaders are cautious of India's closeness with Russia and are working to prevent India from aligning too closely with Moscow.
- India's position amid global geopolitical shifts, including its relations with China, is under scrutiny.
Future Outlook
- The EU-India partnership is poised to play a significant role in shaping global dynamics in the 21st century.
- Indian Prime Minister Narendra Modi expressed commitment to resolving the Ukraine conflict peacefully and welcomed the EU's strategic document.
