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EU Commission President Ursula von der Leyen Arrives in India for Major Trade Deal

Von der Leyen arrives in India to seal “the mother of all ⁤deals”

The President of the European Commission, ursula von der Leyen, arrived in India this Saturday to seal what she herself has defined as “the mother of all deals”, a free trade agreement that both blocs hope to finally conclude next Tuesday.

“The ⁢mother of all ⁢trade deals.We are‌ getting closer to the Free Trade agreement,” Von der Leyen wrote on her official X social media profile shortly after landing in New⁤ Delhi.

For his part, the spokesperson for the Indian ministry ‍of foreign Affairs,⁢ Randhir Jaiswal, ⁤welcomed the European leader on the same platform,‍ highlighting that her state visit will ⁤serve to map out the​ next⁣ phase of the strategic partnership.

The spokesperson, who confirmed that Von der Leyen was received on​ the tarmac by the Deputy Minister of Commerce and Industry, Jitin Prasada, stressed that “as the two largest democracies in the world, India and the ⁤EU ​ share a partnership rooted in mutual⁢ trust”.

hours before the President of the Commission landed, the EU High Representative for Foreign ​Affairs, ​Kaja Kallas, also arrived in the Indian capital, a high-level delegation ⁢ to which the president of the European Council, António Costa, will join.

The Community leadership will attend this ⁢Monday as “guest of honor” at the 77th Republic Day parade alongside​ Indian Prime Minister Narendra‌ modi, before⁢ holding the sixteenth⁣ bilateral summit on Tuesday, where the pact is expected to be definitively closed.

The⁢ EU‌ and India aspire to create one of the largest free trade ‍zones in the ⁢world, as‍ together they bring together almost 2 billion ‌people and represent approximately a quarter of global GDP.

In⁤ 2024, India was ‌the EU’s ninth largest trading partner, ⁤to⁤ which it destined ​only 2.4% of its total trade in goods; ⁤far behind the 17.3% of the united States or the 14.6% of China, a giant against which the Community bloc seeks to ​reduce ‍its dependence on the supply of raw​ materials.

In addition to the free trade agreement, the EU and India want to boost investment⁢ in sectors such as the digital sector.

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New Delhi – European Commission President Ursula von ‍der⁢ Leyen arrived in India today to finalize a landmark ⁤trade and investment agreement. sources indicate the ​deal, dubbed “the mother of all agreements” by some, will considerably deepen economic ties between the european Union and ​the world’s ⁢most populous ⁣nation.

Negotiations have ⁢spanned several years, facing hurdles related ‍to agricultural subsidies, ​data privacy, and⁣ intellectual property rights.Officials ‍from both‍ sides now​ express confidence those issues are resolved. The agreement is expected to reduce tariffs on a wide range of goods, boosting trade volumes and fostering investment​ in sectors like renewable energy, technology, and pharmaceuticals.

von der Leyen’s ​visit includes meetings with prime Minister Narendra‌ Modi and othre key government figures. A formal signing ceremony is scheduled for Friday.⁣ Details of the agreement, ‍including specific tariff reductions and investment ​commitments, will be released following ​the​ ceremony.

Analysts predict the EU-India deal will create new opportunities for⁣ businesses on both sides. It also ⁤positions the EU as a ​key partner in​ India’s economic growth story, while providing European companies with access to ‍a rapidly expanding⁤ market.⁤ The agreement could also serve as a counterbalance to China’s growing economic‍ influence⁣ in ⁢the region.

This is a developing story and will be updated as more data becomes⁢ available.

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