EU’s Ursula von der Leyen wants to seal investment agreement with India, calls it ‘missing puzzle’
Ursula von der Leyen, President of the European Commission, emphasized the need for an investment agreement between the EU and India, calling it a crucial element for economic cooperation. She highlighted that while trade is important, an investment agreement is necessary to enhance economic ties and address global supply chain challenges. Prime Minister Narendra Modi, while not addressing the investment agreement directly, spoke about the benefits of the ongoing trade deal and other collaborations between the two regions.
- ▪Ursula von der Leyen described the investment agreement as a 'missing piece of the puzzle' for EU-India cooperation.
- ▪The investment agreement is currently stalled due to disagreements on key issues, particularly dispute resolution.
- ▪Prime Minister Modi highlighted the trade deal's potential to create new opportunities for industries and investors.
Opening excerpt (first ~120 words) tap to expand
President of the European Commission Ursula von der Leyen once again called for an investment agreement between India and the European Union (EU), terming it a “missing piece of the puzzle” in the cooperation plans of the two economies.Ms. von der Leyen was speaking at the European Business Round Table for Industry in Gothenburg, Sweden, where Prime Minister Narendra Modi also delivered his address.The investment agreement, being negotiated alongside the trade deal, was not finalised as the two sides could not agree on some key aspects, the most notable being dispute resolution. EU-India FTA to be implemented in 2026 itself, labour intensive sectors to benefit: Piyush Goyal‘Half the equation’“But trade is only half the equation,” Ms. von der Leyen said.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
