The Strategist

EU plans to expand trade with India over Russia



04/25/2022 - 10:42



Bloomberg has discovered that the EU intends to resume trade discussions with India in order to reduce the country's reliance on Russia.



Hernan Nersesian
Hernan Nersesian
The European Union is to relaunch free trade talks with India in order to provide the country with a "genuine alternative" to its trading connections with Russia, says Bloomberg citing a senior EU official familiar with the plans.

In addition, the EU intends to deepen its technology cooperation with India by forming a council to examine overall coordination on user data protection, social network regulation, and digitalization development, according to the source.

On April 25, European Commission President Ursula von der Leyen will meet with Indian Prime Minister Narendra Modi.

According to the Financial Times, von der Leyen may discuss the idea of establishing shared trade and technology councils, as well as European arms deliveries to India in order to reduce India's reliance on Russian armaments, during the visit.

source: bloomberg.com

 




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