External Affairs Minister S. Jaishankar, during his Paris visit, emphasized that Europe offers the “most room to grow” among India’s major global partnerships. With India–EU trade crossing €120 billion and free trade agreement (FTA) talks entering a decisive phase, Jaishankar highlighted Europe’s role in stabilizing global politics and economic ties.
India–Europe Relations: A Strategic Upswing
India is sharpening its focus on Europe as a critical partner for trade, technology, and geopolitical stability. Speaking in Paris, External Affairs Minister S. Jaishankar underscored that Europe represents the most promising frontier for India’s external relations today. His remarks come amid ongoing India–EU FTA negotiations and deepening bilateral engagements with France and other European nations.
Key Highlights:
-
Strategic Priority: Jaishankar said Europe has “the most room to grow” among India’s major ties.
-
FTA Talks: India–EU free trade agreement discussions are in a decisive phase, with agriculture and MSME exports facing regulatory hurdles beyond tariffs.
-
Trade Volume: India–EU trade currently stands at over €120 billion, making Europe a major economic partner.
-
France Engagement: Jaishankar met President Emmanuel Macron, reaffirming the India–France strategic partnership and discussing global security challenges.
-
Global Context: He stressed that closer India–Europe ties can bring stability to global politics and economic systems amid volatility.
-
Weimar Format: India’s participation in the inaugural India–Weimar meeting signals deeper collaboration with Germany, France, and Poland.
This renewed focus positions Europe as a cornerstone of India’s foreign policy, balancing global uncertainties with stronger economic and strategic cooperation.
Sources: Outlook Business, Mathrubhumi, The Hindu, Hindustan Times, Moneycontrol