By Admin 
India EU Trade Deal: The main announcements at the India-EU summit on Tuesday are likely to include completion of negotiations on a free trade agreement, finalization of a strategic defense agreement and a framework for the movement of Indian and European citizens.
Prime Minister Narendra Modi will host European Commission President Ursula von der Leyen and European Council President Antonio Costa at the summit. It is likely that in this summit both sides will develop a comprehensive approach to deal with the geopolitical turmoil arising from America’s policies on trade and security.
Participated as chief guest in Republic Day celebrations
Costa and von der Leyen attended the 77th Republic Day celebrations as chief guests on the line of duty. Von der Leyen said on Monday, a successful India makes the world more stable, prosperous and secure and we all benefit from it.
Last week, the top leader of the European Union said that India and the EU are close to a ‘historic trade deal’. Due to which a market of two billion people will be created. Which will be about a quarter of the global gross domestic product (GDP).
Talks have been going on between the two sides for a long time
The EU and India first started negotiations for a free trade agreement in 2007. But the talks were postponed in 2013 due to differences in ambitions. Talks resumed in June 2022. It is likely that this free trade agreement will bring qualitative changes in further strengthening bilateral relations in many areas.
Will there be focus on these issues?
The main focus of the summit will be on trade, defense and security, climate change, critical technologies and strengthening the rules-based global order. Apart from finalizing the free trade agreement, both sides will also present a defense framework agreement and a strategic agenda at the summit.
India and the European Union have been strategic partners since 2004. Officials said that the proposed Security and Defense Partnership (SDP) will help in further deepening the defense and security cooperation between the two sides.
SDP will increase mutual coordination in the defense sector and will open the way for Indian companies to participate in the ‘SAFE’ (Security Action for Europe) program of the European Union. India and the European Union are also going to start negotiations on Security of Information Agreement (SOIA) in the summit.
Indian workers will benefit
An MoU related to facilitating the movement of Indian workers to Europe is also expected to be an important outcome of the summit. According to officials, this agreement will provide a framework to take forward mobility initiatives between EU member states and India.
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