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India and Europe Aim for Swift FTA Agreement Amid Trump's Anticipated Return

share-iconThursday, January 09 comment-icon3 weeks ago 7 views
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India and Europe Aim for Swift FTA Agreement Amid Trump's Anticipated Return

Credited from: SCMP

  • India is progressing towards a free trade agreement (FTA) with the four-nation European Free Trade Association (EFTA), potentially enhancing engagement with the EU.
  • The agreement is set to advance with expectations of completion by the end of 2025, backed by solid political support and clearing important hurdles.
  • Analysts suggest that Trump's anticipated return to office is prompting the EU to seek closer ties with India due to tensions with China.
  • While there are potential obstacles such as upcoming elections in EU member states, experts remain optimistic about a trade deal emerging.
  • The proposed EU FTA faces challenges related to sustainability, particularly with the Carbon Border Adjustment Mechanism, but experts believe a deal can still be achieved.

For the full article, visit SCMP.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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