The European Union plans to urge India to lower its high tariffs on cars and wine to boost trade, as it seeks to reduce its reliance on China, a senior official from the bloc said, ahead of a visit by the European Commission president to New Delhi.
India's robust defence industry could become an integral part of the European Union's defence supply chains as Europe seeks to modernize its defence sector. Discussions between India and the EU on enhancing defence and security cooperation,
India and the EU are pushing to finalize a free trade agreement by year-end. Discussions focused on accelerating progress towards a balanced and mutually beneficial pact. The agreement aims to boost bilateral trade and investments.