Summary:

Dr. S. Jaishankar, Union Minister for External Affairs, emphasized the growing importance of India-EU cooperation as a stabilizing influence amidst global turmoil. In his keynote address at the Indian International Centre-Bruegel Annual Seminar, he highlighted the significance of enhanced defense, security, and technological collaboration. Recognizing Europe's rising strategic awareness, he stated that the relationship is more critical than ever and predicted even closer partnership in the future.

India and the European Union, two of the world’s major economies, share a strong trade and investment relationship. The EU is India’s largest trading partner, and India is the EU’s ninthlargest. In 2023, their total trade value was Rs. 10,197 crore (€113.3 billion). India exported goods worth Rs. 5,760.89 crore and imported Rs. 43,561.45 crore, resulting in a trade surplus of Rs. 14,849 crore (€16.5 billion).

Source: IBEF 

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