Strengthening EU-India Relations
The visit of European Council President and European Commission President to India for the Republic Day celebrations and the EU-India Summit marks a significant enhancement in EU-India relations. This reflects a broader increase in engagement between New Delhi and the EU.
Context and Global Dynamics
- US President's actions have strained transatlantic relationships, affecting security, economics, and values.
- Global challenges such as the Russia-Ukraine war, economic pressures from China, and fragmenting multilateralism have increased strategic pressure on the EU.
- Europe is seeking a sovereign future, independent of the US, requiring new alliances and partnerships.
- India faces similar global shifts, necessitating adjustments in its strategic engagements.
India's Strategic Adjustments
- Strengthening domestic capacities and affirming strategic autonomy.
- Reframing traditional relationships and expanding plurilateral engagements.
- Diversifying partnerships to mitigate risks and enhance influence.
EU-India Free Trade Agreement (FTA)
The anticipated conclusion of the EU-India FTA is a key element in the relationship:
- Revived in 2021 with greater ambition after being abandoned more than a decade ago.
- The FTA aims to diversify trade and investment, deeply integrate India into global value chains, and stimulate resilient supply chains.
- It will foster greater industrial and technological collaboration.
Technology and Innovation Collaboration
- Joint efforts to achieve self-sufficiency in digital era technologies such as AI and semiconductors.
- Collaboration to prevent a global duopoly and emphasize the public character of digital technology.
- Science, technology, and innovation to drive partnership in addressing global priorities and supporting Global South development.
Bilateral Relations with Key EU Member States
- France is a long-standing strategic partner with collaborations in defense, nuclear, and space sectors.
- Germany, Spain, Italy, and Nordic countries are enhancing their strategic cooperation with India.
Defense and Security Cooperation
- Collaborative development, production, and supply chain efforts in advanced defense platforms.
- Cooperation in new conflict domains such as maritime, space, and cyberspace.
- Counter-terrorism efforts focusing on technical and intelligence cooperation.
Challenges and Future Direction
- Need for cohesive and sovereign EU foreign and security policy.
- Concerns over India's relationship with Russia and Europe's relations with China.
- Differences in multilateral forums and on political and human-rights issues.
- Continuous engagement and dialogue required to overcome mutual constraints and build trust.
The EU and India, with nearly 2 billion people, have the potential to shape a new multipolar global order, focusing on resilience, security, and prosperity despite challenges. The views presented are personal opinions of a retired ambassador, currently the chairman of the Indian Trade Promotion Organisation (ITPO).