New Delhi, EU resume free-trade talksAFP, NEW DELHIIndia and the EU yesterday resumed talks on a free-trade deal after a nine-year gap, as Western countries seek to wean New Delhi off its close economic ties to Russia. Photo: ReutersThe EU is India’s second-biggest trading partner after the US, but talks with the bloc broke down in 2013 over issues including tariff reductions and patent protection. Merchandise trade hit an all-time high of US$116 billion in 2021-2022, with India’s exports to the 27-member EU hitting US$65 billion, according to New Delhi. “Both sides are aiming for the trade negotiations to be broad-based, balanced and comprehensive, based on the principles of fairness and reciprocity. India is also in trade negotiations with Canada, Israel and the UK.

Source: Taipei Times June 27, 2022 21:00 UTC