EU needs deals with India, others to reduce dependency on US, von der Leyen says

European Commission President Ursula von der Leyen on Thursday said the EU aims to finalise a trade deal with India this year to reduce dependencies amid rising U.S. tariffs. She noted Prime Minister Narendra Modi’s commitment to the pact during a...

Reuters
The European Union must look to trade deals with countries like India to reduce dependencies, with higher U.S. import tariffs pushing the bloc to diversity its ties, European Commission President Ursula von der Leyen said on Thursday.

"We want to make a deal with India this year," von der Leyen said at a conference with German business leaders, adding that Indian Prime Minister Narendra Modi had assured her of his commitment to this goal in a phone call on Wednesday.

"We are in talks with South Africa, Malaysia, the United Arab Emirates and others," she added.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › EU needs deals with India, others to reduce dependency on US, von der Leyen says
Text Size:AAA
Success
This article has been saved

*

+