What Steps Did the EU Council Take to Finalize the FTA with India?

Synopsis
Key Takeaways
- New strategic EU-India agenda approved by the EU Council.
- Aiming for a free trade agreement by year-end.
- Focus on sustainable development and enhanced market access.
- Emphasis on democratic values and human rights.
- Strengthening security and defense collaboration.
London, Oct 20 (NationPress) The Council of the European Union has given the green light to conclusions on a fresh strategic EU-India agenda aimed at finalizing a balanced, ambitious, and mutually beneficial free trade agreement by the year's end. The goal is to create an economically significant pact that the European Commission and the Indian government are working diligently to complete.
The statement from the Council highlighted that such an agreement should encompass enhanced market access, the elimination of trade barriers, and clauses related to sustainable development.
Moreover, the Council stressed the shared obligation of the EU and India to uphold multilateralism and the rules-based international order, referencing the UN Charter and the WTO as central frameworks.
Integral to the EU-India strategic agenda is the promotion and safeguarding of democratic values, adherence to international law, and the protection of human rights, particularly concerning women and children.
The Council has tasked the High Representative and the Commission with advancing the implementation of the new strategic agenda in line with the priorities outlined in the Joint Communication. This communication reflects a strong commitment to enhancing EU-India relations across various sectors.
The conclusions also support the Joint Communication on a "New Strategic EU-India Agenda" aimed at fortifying ties in areas such as prosperity, sustainability, technology, innovation, security, defense, and global connectivity.
In light of the increasingly complex geopolitical landscape, the Council expressed its approval for closer cooperation between the EU and India on security and defense initiatives grounded in mutual trust and respect.
Additionally, the Council acknowledged plans to develop a Security and Defence Partnership, which may facilitate defense industrial collaboration when appropriate, according to the statement.
The Council will maintain discussions with India regarding all dimensions of Russia’s war of aggression against Ukraine, the statement concluded.