Substantial differences remain between India & EU on negotiations for the Free Trade Agreement. It remains unclear whether agriculture or which parts of this sector will be included in the FTA.
The European Union is India’s single-largest trading partner when exports and imports with all 27 member-states are calculated. The deal has been almost two decades in the making.
India and Russia, as a part of Eurasian Economic Union (EAEU), are set to hold the 2nd round of negotiations on a trade deal next month after the Union Budget.
It’s India’s 3rd FTA with a Five-Eyes alliance member in the last 4 years. It is also the 3rd trade deal announced by New Delhi this year, after agreements with the UK & Oman.
Deal expected to be operational within 3 months and allow Indian importers to ‘replace’ imports from Turkey and source ‘better-priced’ blocks from Oman, Minister Piyush Goyal said.
Apart from FTA, a number of key agreements are expected in sectors such as trade, investment, energy, defence, technology, agriculture, culture & people-to-people ties.
The volume of major arms transfers has risen by 9.2% compared to 2016-2020. The increase is driven overwhelmingly by Europe’s rearming, followed by the Middle East.
Morbi makes 80-90% of India’s ceramic exports. The West Asia conflict has cut its propane supply, shutting 200 factories and threatening 400 more—along with 9 lakh livelihoods.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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