Published On: Fri, Apr 21st, 2017

India, EU to strengthen their trade relations

 

Identifying the reality that at this crucial juncture of the world economic cycle, it is imperative to create a friendly relation with all great players of the economy especially with those who possess large stake of it, the Indian government is set to resume the bilateral talks with the European Union, months after it suffered a serious injury when two Italian marines killed two Indian fishermen. As per the report, the European representative, Federica Mogherini, who is also an Italian politician, is scheduled to visit the country today. Ms. Mogherini is expected to hold talks with the head of the external affairs ministry, External Affairs minister Sushma Swaraj. In the meeting, the two leaders may discuss the Indo-Italian trade issues along with the Indo-European trade issues. It is learned that a high-level delegation from Italy is likely to visit the country in coming days. And, moreover, a high-level delegation from India may visit Italy and convene meeting with the trade representatives next month, a confidential diplomatic source informed a leading national daily. If these meetings go well as expected, India and Italy may reorganise several committees or joint working groups dealing with defence, technology, and terrorism. As China, Russia and Pakistan make a powerful axis in Asian region, it is vital that India, which aims to grow as an alternative power in the region and shares a different set of interests and viewpoints as that of the newborn axis of Asia, should try to find an alternative balance of power by building a vibrant relation with the EU, UK, US and Japan.

Vignesh

Photo Courtesy : Google/ images may be subject to copyright

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India, EU to strengthen their trade relations