New Delhi: European Commission President Ursula von der Leyen on Monday said that a “successful India” makes the world more stable, prosperous, and secure, underlining New Delhi’s growing importance in global geopolitics and trade. Her remarks came as India and the European Union prepare to finalise what has been described…
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India–EU Trade Deal: Car Import Tariffs to Drop to 40%
India is preparing to significantly open its tightly protected automobile market by sharply cutting import duties on cars from the European Union, according to sources familiar with the negotiations. Under a proposed India–EU free trade agreement, import tariffs on select European cars could be reduced to 40% from the current…