The visit of French President Emmanuel Macron as the chief guest for Republic Day celebrations in India is expected to provide a boost to the ongoing talks for a comprehensive trade agreement between India and the European Union (EU), according to the economic think tank GTRI. France plays a crucial role as a key member of the 27-nation EU.
In June 2022, India and the EU resumed negotiations for a comprehensive trade and investment agreement after a hiatus of over eight years. The talks for this ambitious free-trade agreement (FTA) had been suspended in 2013 after several rounds of discussions spanning six years.
Macron's visit is seen as an opportunity to strengthen diplomatic ties and potentially invigorate the trade negotiations between India and the EU. The comprehensive trade agreement holds the potential to enhance economic cooperation and facilitate increased trade and investment between the two parties. The presence of Macron at Republic Day celebrations provides a platform for further discussions and collaboration in various areas of mutual interest.
(With Agency Inputs)
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