Trump’s tariff war is unraveling the ‘mother of all deals’ between India and the European Union

Ursula von der Leyen – Traveled to New Delhi with the President of the European Council, Antonio CostaSigning an agreement with the Prime Minister of India, Narendra ModiHe described it as the “mother of all deals”: it would give access to a market of 2,000 million consumers and save exporters €4,000 million in taxes.

India is one of the most difficult countries to do business with ADN overprotectionbut the actual geopolitical conditions, marked by Donald Trump’s aggressiveness, opened one window of opportunity Europa, según explican fuentes comunitarias.

El Giro de Nueva Delhi en dirección a Bruselas answers se buena parte a su frustration tras los reiterados fracasos para cerrar un acuerdo comercial con Estados Unidos. Materiality will arise in any case in different cases. Finally, Washington imposed tariffs of up to 50 percent on Indian goods.

The Indian government sees this incident as a real insult not only from an economic point of view but also from a symbolic point of view, sobre todo porque PM Modi interacts with Trump. Additionally, India has traditionally looked more to the EU than to Europe, and this is reflected in the patronage of migrants.

“Este acuerdo profundizará los lazos económicos, creará oportunidades para nuestros pueblos y it will strengthen India and the European Union for a prosperous future,” wrote Narendra Modi EN su cuenta de la red social X en todas las lenguas oficiales de la UE.

Ghem la guerra arancelaria de Trump, el acuerdo comercial con India no hubiera sido posible, según admiten fuentes comunitarias. Brussels and New Delhi began negotiations in 2007, but they stopped in 2013 and did not resume until 2022.

genuine”inflection point“The full panel of commissioners was released during a visit to New Delhi shortly after Trump returned to the White House in February last year. At the time, both sides set a goal of closing the deal before the final round of negotiations in 2025, which was a month away from expectations.

“La UE se ha ido dando cuenta de manera gradual y cada vez más clara de la necessidad absoluta que tiene de diversificar sus relaciones advertising“, senalan las sources consulted. El objetivo es reducir los risegos derivados de una countries like China and Russia, but now a country that is too dependent on the United States.

Von der Leyen and Modi were represented by El Pacto la apertura comercial más Ambitious que India throw concedido jamás to the United Nations Social Trade, Destaca Bruselas. It will provide a “competitive advantage” to the EU’s key industrial and agricultural sectors, giving companies preferential access to the world’s most populous country, a large economy with 1.45 billion people and an annual GDP of €3.4 billion.

UE destaca la the most profitable sectors Industria automovilisticatariffs will be reduced from 110% to 10%, with a cap of 250,000 vehicles per year.

That’s a 44% improvement. machineryel 22% en chemical products o el 11% en pharmaceutical products.

El acuerdo eliminates or reduces unos aranceles a menudo prohibitivos (de más del 36% de media) sobre las exportaciones agroalimentarias de la UE, abriendo un mercado enorme para los agriculturists europeos, según Bruselas.

Entre los productos más interesentes para los exporteres españoles figuran también el aceite de oliva (whose percentage will be gradually reduced from 45% to zero) or el vino (with a real discount of 150% to 20%).

Both parties agreed outside sensitive products. Therefore, the EU maintains the price of sensitive products such as beef, sugar, rice, chicken, milk powder, honey, platanos, soft wheat, garlic and ethanol.

In this sense, the agreement with India is mucho menos polemico que el que la UE acaba de cerrar con Mercosur —the block created by Argentina, Brazil, Paraguay, and Uruguay—, que ha padado con la oposición frontal del sektor primario en toda Europa.

The EU and India trade goods and services worth €180,000 million a year, supporting 800,000 jobs in the EU. Hopefully that’s the deal Duplicate EU exports to India by 2032 here.

Meanwhile, India and the EU are pursuing a separate agreement on geographical indications (IG), which will “help more traditional EU agricultural products to be sold in India, while eliminating unfair competition from imitative forms.”

The big obstacle that has prevented closing this pact is the recognition of it Arroz Basmatiun simbolo nacional cuyo origen India reclama, pero que que Pakistan también reivindica.

India and the EU also signed an agreement in New Delhi Security and Defense AgreementIt aims to ensure closer cooperation on common priorities such as maritime security, nuclear non-proliferation and disarmament, space, cyber threats, hybrids and terrorism.

Con tal de cerrar fastamente este tratado, Bruselas will never be in Russia before Indiaalthough Von der Leyen asked Indian Prime Minister Narendra Modi to pressure Vladimir Putin to accept the ceasefire in Ukraine.

India i la UE is still operating at full capacity. It’s no han sido publicados que todavía definitiveios definitiveios de los textos jurídica and trásos de los textos se procederá los próximos meses se procederá.

The formal adoption procedure by the EU and European Parliament governments will then begin, and this process will develop throughout the second semester. If there is no stipulation to the contrary, the agreement will enter into force at the beginning of 2027.

Source

Be the first to comment

Leave a Reply

Your email address will not be published.


*