European Union leaders are anticipated to push India to decrease tariffs on vehicles and alcoholic drinks whereas looking for higher market entry throughout Ursula von der Leyen’s go to to New Delhi.
After an eight-year hole, India-EU free commerce talks, which restarted in 2021, now cowl funding safety and geographical indications. The EU, India’s largest buying and selling companion, noticed bilateral commerce attain $137.5 billion in 2023-24, rising 90% over the last decade.
The EU desires India to chop excessive tariffs (100%-150%) on vehicles, whiskey, and wine, whereas India prefers a gradual discount in session with native business.
India additionally opposes the EU’s deliberate carbon tariffs (20%-35%) on metal, aluminium, and cement from 2026 and deforestation guidelines limiting imports.
The EU seeks simpler revenue repatriation and quicker dispute decision, whereas India insists disputes undergo native courts first.
India additionally desires recognition as a data-secure nation and simpler work entry for its IT professionals, whereas the EU calls for India open its authorized and monetary companies sector.
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