While the EU is seeking greater market access in automobiles and agriculture products, India wants relaxations in the carbon tax on imports of steel, aluminium, cement and fertiliser which kicks in from January
The comment came after Heemskerk revealed that ASML's chief executive Christophe Fouquet had a two-hour meeting with PM Modi.
From artificial intelligence to high-performance computing and digital IDs, Brussels and New Delhi are mapping out a technology partnership.
Ukraine’s potential post-war security issues have been widely discussed in recent weeks both in Washington and across European capitals, with the potential for a ceasefire seemingly at an impasse amid continued Russian bombardment of civilian targets across Ukraine.
Russia hasn’t confirmed the latest incidents. Rosneft’s press service didn’t immediately respond to an emailed request for comment outside of regular business hours.
Brussels reiterated its aim to conclude a free-trade agreement with India this year. The two sides are “exploring the creation of an EU-India Security and Defence Partnership,” the statement said.
The European Union’s top diplomat Kaja Kallas said that India’s continued purchases of Russian oil and its participation in Russian military exercises “stand in the way of closer ties” with the bloc.
The EU is in the midst of finalising a trade deal with India, which the bloc is unlikely to want to jeopardize
India is seeking some flexibility in the EU's Carbon Border Adjustment Mechanism (CBAM) which comes into effect from January 1 next year. Meanwhile, it is also mulling a domestic carbon tax to offset CBAM and retain revenue within the country.
India's offer to the EU will be on similar lines to the one sealed between India and the United Kingdom (UK), subject to further negotiations, said a government official privy to the matter.
Increased market access and fewer non-tariff barriers are on the agenda as week-long talks begin in New Delhi. The two sides are looking to seal the deal by year-end
The two sides have already concluded negotiations on 11 chapters.
Modi reiterated India's consistent support for peaceful resolution of the Ukraine conflict and early restoration of peace and stability
The aircraft landed safely at a Bulgarian airport, the spokesperson said, while describing the incident as “blatant interference” by Russia.
The plane landed safely in Bulgaria, an EU spokesperson said
The Indian government is exploring markets in West Asia and Europe for its labour-intensive products to cushion the impact of the steep tariffs imposed by the US.
A major buyer of Russian oil, India is now finding itself blindsided by a more aggressive approach to the Kremlin from both Washington and Brussels
European allies agreed at NATO's summit last month to spend hundreds of billions of dollars more on defence over the next decade. Primarily for their own security, but also to keep America among their ranks.
'We have reached a deal. It's a good deal for everybody,' Trump told reporters after talks with von der Leyen at his golf resort in Turnberry, Scotland. The EU chief also hailed it as a 'good deal'
US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick flew to Scotland on Saturday and EU Trade Commissioner Maros Sefcovic arrived on Sunday morning
Energy experts believe crude oil prices would not rise beyond $70- $72 per barrel despite the latest European Union sanctions on Russian oil over expectations of undisrupted supply from the country
U.S. President Donald Trump announced that starting August 1, 2025, a 30% tariff will be imposed on all goods imported from Mexico and the European Union. Trump cited Mexico’s failure to stop the flow of fentanyl and other narcotics as a major concern, accusing the country of not doing enough to combat drug cartels. He also criticized the EU for persistent trade deficits and protectionist policies, calling for more balanced trade. In addition to Mexico and the EU, Trump sent tariff warning letters to over 20 countries, including Japan, South Korea, and Brazil, threatening duties ranging from 20% to 50% unless new trade agreements are reached. Trump emphasized that companies from these regions could avoid tariffs by relocating manufacturing to the U.S., promising expedited approvals. The announcement sparked worries in Mexico about rising costs and economic disruption, while EU officials condemned the tariffs as unfair, pledging to continue negotiations before the August deadline.
The European Commission last month warned Meta of possible daily fines after being told that the USsocial media giant would only make limited changes to its model to comply with the European Union's Digital Markets Act
Brussels has refused Beijing's repeated requests for a mutual climate commitment after the summit of the world's second- and third-largest economies, unless China promises to do more to cut greenhouse gas emissions, EU officials said.