The Japan Times - Shunned by US, Europe courts India over trade and security

EUR -
AED 4.306924
AFN 77.800612
ALL 96.290273
AMD 447.455848
ANG 2.099694
AOA 1075.411417
ARS 1700.779101
AUD 1.772061
AWG 2.110949
AZN 1.988177
BAM 1.952553
BBD 2.365276
BDT 143.51133
BGN 1.955558
BHD 0.44213
BIF 3482.009164
BMD 1.17275
BND 1.514082
BOB 8.114505
BRL 6.462082
BSD 1.174352
BTN 106.720516
BWP 15.510205
BYN 3.441491
BYR 22985.892779
BZD 2.361882
CAD 1.615644
CDF 2638.686581
CHF 0.934332
CLF 0.027329
CLP 1072.104138
CNY 8.258444
CNH 8.255383
COP 4504.50788
CRC 586.025397
CUC 1.17275
CUP 31.077865
CVE 110.081926
CZK 24.301712
DJF 209.123105
DKK 7.471107
DOP 75.454514
DZD 151.827002
EGP 55.592317
ERN 17.591244
ETB 182.304714
FJD 2.673278
FKP 0.876507
GBP 0.876073
GEL 3.160551
GGP 0.876507
GHS 13.505539
GIP 0.876507
GMD 86.199295
GNF 10212.016669
GTQ 8.993044
GYD 245.691397
HKD 9.122608
HNL 30.940544
HRK 7.53222
HTG 153.794229
HUF 385.778924
IDR 19582.573348
ILS 3.789201
IMP 0.876507
INR 105.893078
IQD 1538.448008
IRR 49399.146865
ISK 147.995144
JEP 0.876507
JMD 188.486533
JOD 0.831511
JPY 181.991394
KES 151.226201
KGS 102.55723
KHR 4702.179931
KMF 492.554939
KPW 1055.474962
KRW 1735.464253
KWD 0.359705
KYD 0.978677
KZT 605.335863
LAK 25442.795245
LBP 105164.352354
LKR 363.536961
LRD 207.864306
LSL 19.721186
LTL 3.462825
LVL 0.709385
LYD 6.362446
MAD 10.746727
MDL 19.776195
MGA 5305.177102
MKD 61.535274
MMK 2462.499847
MNT 4159.55763
MOP 9.41009
MRU 46.575541
MUR 54.005329
MVR 18.072469
MWK 2036.313462
MXN 21.065457
MYR 4.791838
MZN 74.950137
NAD 19.721186
NGN 1704.791285
NIO 43.218125
NOK 11.959003
NPR 170.753025
NZD 2.030505
OMR 0.450919
PAB 1.174347
PEN 3.955921
PGK 4.992697
PHP 68.680904
PKR 329.11566
PLN 4.216211
PYG 7887.915449
QAR 4.281779
RON 5.091849
RSD 117.371155
RUB 92.705885
RWF 1709.856384
SAR 4.398673
SBD 9.573626
SCR 16.573783
SDG 705.411284
SEK 10.921847
SGD 1.515386
SHP 0.879866
SLE 27.90959
SLL 24591.977696
SOS 671.183772
SRD 45.359637
STD 24273.549601
STN 24.459322
SVC 10.275954
SYP 12968.817782
SZL 19.704314
THB 36.88356
TJS 10.792352
TMT 4.116351
TND 3.429397
TOP 2.8237
TRY 50.099067
TTD 7.966785
TWD 37.020192
TZS 2899.859147
UAH 49.525635
UGX 4181.046614
USD 1.17275
UYU 45.943592
UZS 14239.318971
VES 320.446921
VND 30897.848168
VUV 142.444302
WST 3.259438
XAF 654.867907
XAG 0.017685
XAU 0.00027
XCD 3.169414
XCG 2.116489
XDR 0.814446
XOF 654.870694
XPF 119.331742
YER 279.524973
ZAR 19.649713
ZMK 10556.150373
ZMW 26.981243
ZWL 377.624903
  • SCS

    0.0200

    16.14

    +0.12%

  • BCC

    0.5100

    75.84

    +0.67%

  • JRI

    -0.0500

    13.51

    -0.37%

  • CMSD

    0.0150

    23.38

    +0.06%

  • RBGPF

    0.4100

    82.01

    +0.5%

  • BCE

    -0.2800

    23.33

    -1.2%

  • CMSC

    0.0400

    23.34

    +0.17%

  • RIO

    0.1700

    75.99

    +0.22%

  • RELX

    -0.2600

    40.82

    -0.64%

  • RYCEF

    -0.3100

    14.64

    -2.12%

  • NGG

    -0.2600

    75.77

    -0.34%

  • VOD

    0.0000

    12.7

    0%

  • GSK

    -0.4600

    48.78

    -0.94%

  • AZN

    -0.2100

    91.35

    -0.23%

  • BTI

    -0.4500

    57.29

    -0.79%

  • BP

    -1.4900

    33.76

    -4.41%

Shunned by US, Europe courts India over trade and security
Shunned by US, Europe courts India over trade and security / Photo: Evan Vucci - POOL/AFP

Shunned by US, Europe courts India over trade and security

The EU's top team is to embark on an "unprecedented" visit to India this week, as the bloc seeks to broaden its commercial and diplomatic ties to hedge against souring relations with the United States.

Text size:

EU chief Ursula von der Leyen and her college of commissioners are to hold talks with Prime Minister Narendra Modi and his government in New Delhi during a two-day trip, starting Thursday.

The trip is the latest sign of a Brussels push to diversify ties away from the United States and position itself as a reliable partner for others looking to do business.

"In this era of intense geostrategic competition, Europe stands for openness, partnership, and outreach," von der Leyen said ahead of the trip, hailing India as one of the EU's "most trusted friends and allies".

Almost all the EU's 26 commissioners are to join the 66-year-old German politician in what the bloc's executive is billing as the first visit of its kind to the South Asian giant -- and the first outside Europe for the new college that took office in December.

It comes as US President Donald Trump has upended Brussels's traditionally close partnership with Washington, berating EU tech laws, threatening tariffs, and undercutting European allies by launching Ukraine talks with Russia's Vladimir Putin.

The European Union has been left "looking for friends" and India, the world's most populous country, is a "natural candidate", said Andre Sapir, of Brussels-based think tank Bruegel.

- Trade call -

Brussels has been working to broaden its horizons since Trump won back the White House in November.

In recent months it has announced a strengthened trade deal with Mexico, the resumption of talks with Malaysia, a new agreement with the South American bloc Mercosur and the "first-ever" EU-Central Asia summit.

It has also struck a more conciliatory note towards China, which however "remains a significant strategic challenge for Europe", said James Crabtree, of the European Council on Foreign Relations (ECFR) think tank.

"Building stronger ties with India -- a democracy with increasing global influence -- offers both greater economic opportunity and political appeal," he said.

Trade will be high on the agenda.

The EU is India's largest trading partner, accounting for 124 billion euros ($130 billion) worth of trade in goods in 2023 -- more than 12 percent of total Indian trade, according to the EU.

India's expanding market offers key opportunities for sectors ranging from defence to agriculture, automobiles and clean energy. Yet, protected by high tariffs, it currently accounts for only 2.2 percent of EU trade in goods.

Negotiations for a trade deal were relaunched in 2022 and could get a boost from a White House bent on slapping tariffs on friends and foes alike, said a European diplomat.

"The case for a free trade agreement has never been stronger," the diplomat said.

- AI and defence -

Trump feted Modi in Washington vowing to ramp up trade this month, but India is also seeking renewed relationships elsewhere as a "hedge against a newly capricious America", said Crabtree.

The European Commission's trip comes hard on the heels of a visit by British trade secretary Jonathan Reynolds aimed at restarting stalled trade negotiations.

"In the shadow of US tariff, India back to table for trade talks with UK, EU", a headline in The Indian Express daily read on Tuesday.

One of the biggest challenges for New Delhi in recent years has been creating millions of new jobs for its young and rapidly expanding skilled workforce.

India's government has for years also pushed for Europe to grant quicker visas for its businesses and students.

Cooperation on technology and artificial intelligence, where Europe and India are eager to play a larger role, will also be on the table.

So will security and defence, the EU diplomat said, adding Brussels was eager to "join forces" with New Delhi. The supply of defence equipment, enforcement of EU sanctions against Russia and peace talks over Ukraine were likely to be discussed.

India has long pursued a policy of strategic autonomy in foreign affairs.

Historically close to Russia, its traditional supplier of military hardware, it has resisted Western pressure to distance itself from Moscow following its invasion of Ukraine.

The commission's visit is not expected to result in the signing of any deal, but should pave the way for an EU-India summit to be held in India later this year.

T.Kobayashi--JT