India, EU eye stronger trade ties amid looming US tariffs, global uncertainty
The
European Union is set to hold crucial discussions with
India on Friday to strengthen trade ties amid new urgency, as observers warned that looming American tariffs could impact global commerce and reshape trade dynamics between the US, Europe, and
Asia
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New Delhi and Brussels will also hold their second Trade and Technology Council session, similar to a partnership that India has with the
United States . India and the EU have been pursuing a free-trade agreement (FTA) for a long time, but progress has been slow, with talks stumbling over various issues.
'The geopolitical backdrop has turned out to be much more important than what was originally scheduled [for the meeting],' Mohan Kumar, a former Indian diplomat and a professor at O.P. Jindal Global University, told a webinar titled 'Understanding the India-EU Partnership in a Shifting World Order' on Monday.
'But if a tariff war with the US and geopolitical uncertainties brought by Trump can't force India and the EU to sign an FTA, then I don't know what will,' he said.
US President
Donald Trump has repeatedly threatened a trade war with the EU unless the bloc buys more American oil and gas, statements eerily similar to those he made about India after criticising New Delhi's high tariffs.
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