Whalesbook
India and the European Union are set to sign a Free Trade Agreement, a defense framework pact, and a new strategic agenda at their summit in New Delhi on January 27. While agricultural market access and alcoholic beverages issues are resolved, significant gaps remain in sectors like steel, cars, and the EU's Carbon Border Adjustment Mechanism. The EU views India as a crucial partner in shaping global governance amid an unstable world order. Bilateral trade in goods stood at $135 billion in 2023-24.