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India and Belgium strengthen economic ties through bilateral talks, exploring FTA opportunities, with trade surpassing $15 billion in 2023.

India and Belgium strengthen trade ties in high-level bilateral talks

India and Belgium enhance economic partnership, with key discussions on FTA, trade challenges, and future collaboration in pivotal sectors.

India and Belgium held bilateral talks to boost trade, focusing on sustainable technologies, semiconductors, and healthcare. Both nations discussed EU-India FTA progress, addressing regulatory hurdles, and strengthening economic ties.

Union Minister for Commerce and Industry Piyush Goyal and Belgian Minister of Foreign Affairs Bernard Quintin held bilateral talks in Brussels to enhance trade and investment relations. The meeting, announced on Tuesday, reaffirmed the strong partnership between India and Belgium, rooted in shared values of democracy and rule of law, according to the Ministry of Commerce and Industry.
&nbsp; Key Highlights of the Meeting
 The leaders discussed strategies to deepen economic cooperation and identified opportunities for collaboration in areas such as sustainable technologies, semiconductors, gems and jewellery, healthcare, and agricultural products.
"We explored avenues to strengthen mutual trade and investment ties, focusing on upcoming initiatives like the Belgian Economic Mission to India," Goyal shared on social media platform X.
Belgium acknowledged India&rsquo;s dynamic economic growth, while India recognised Belgium&rsquo;s heavy reliance on foreign trade as an opportunity for mutual benefit.
&nbsp; Progress on EU-India Free Trade Agreement
 Both sides reviewed the ongoing EU-India Free Trade Agreement (FTA) negotiations, agreeing to prioritise trade issues to streamline talks and bolster economic ties. Regulatory hurdles, including pharmaceutical and agricultural approvals, were also discussed, with a commitment to address these barriers through continuous dialogue.
&nbsp; Trade and Investment Snapshot
India-Belgium trade reached over $15.07 billion in 2023-2024, while Belgium's foreign direct investment (FDI) into India exceeded $3.94 billion. Emerging sectors such as renewable energy, life sciences, infrastructure, digital technologies, and food products were identified as key areas for collaboration.
&nbsp; Strengthening the Partnership The discussions concluded with both nations committing to establish mechanisms to resolve trade issues and foster a sustainable and mutually beneficial partnership.
&ldquo;This engagement marks a significant milestone in advancing India-Belgium trade relations and aligns with their shared vision for economic growth and sustainable development,&rdquo; the ministry noted. &nbsp; &nbsp;

 India and Germany ink mobility pact, discuss key global challenges

 India, Germany sign mobility pact to bolster ties: key global issues also discussed

The mobility partnership pact will make it easier for people to study, do research and work in each other's country

The mobility partnership pact will make it easier for people to study, do research and work in each other's country

India and Germany on Monday inked a mobility partnership pact and held comprehensive discussions on key global challenges including the Ukraine conflict, the situation in Afghanistan and cross-border terrorism emanating from Pakistan.
At a media briefing after talks with his German counterpart Annalena Baerbock, External Affairs Minister S Jaishankar said the mobility pact will make it easier for people to study, do research and work in each other's country and is a strong signal for a more contemporary bilateral partnership.
Jaishankar also strongly defended India's import of crude oil from Russia and noted that it is largely driven by market forces.
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From February to November, European Union has imported more fossil fuel from Russia than the next 10 countries combined, he said in a sharp retort to a question on why India has been procuring crude oil from Russia.
The German foreign minister arrived this morning on a two-day visit to discuss ways to further expand bilateral cooperation in a range of areas including energy, trade, defence and security and climate change.
At the joint media briefing, Jaishankar said that India's position on the Ukraine issue is clear that this is not an era of war and the conflict should be resolved through dialogue.
The visiting German foreign minister described India as a role model for many countries and noted that Berlin wants to bolster its security cooperation with New Delhi.
Asked about challenges facing the region from China, Baerbock said there is a need to assess the threats while describing Beijing as a competitor and rival in many ways.
"We now know what happens when a country becomes too dependent on another that doesn't share the same values," Baerbock said.
Jaishankar said the situation in Afghanistan and cross-border terrorism emanating from Pakistan figured in the talks.
He asserted that there can't be talks with Pakistan if it continues cross-border terrorism.
Earlier in a statement, the German foreign minister described India as Germany's "natural partner" and said that the country will have a decisive influence in shaping the international order in the 21st century.
"The Indian government has set itself ambitious goals not only in the G20 but also at home for its own people. When it comes to expanding renewable energies, India wants to push ahead with the energy transition more than before. Germany stands by India's side," she said.
The dramatic effects of the climate crisis affect us all, destroying livelihoods in Europe as well as in India, the visiting German minister said.
"That we want to strengthen our economic, climate and security policy cooperation with India beyond our strategic partnership, are not empty words," she stressed.&nbsp;

The all important post of the US Ambassador to India continues to remain vacant since early 2021 as the Biden administration appoints yet another temporary envoy to India- the sixth in the last 22 months

Explained: Impact on India-US ties as Washington appoints another temporary envoy

The all important post of the US Ambassador to India continues to remain vacant since early 2021 as the Biden administration appoints yet another temporary envoy to India- the sixth in the last 22 months

The Biden administration has appointed senior foreign service officer Elizabeth Jones as the Charg&eacute; d&rsquo;Affaires ad interim at the US Embassy in New Delhi to advance and expand the most "consequential" bilateral partnership in the world, an official announcement has said.
Jones, 74, who was the coordinator for Afghan relocation efforts recently, will depart to New Delhi soon, the State Department said in an announcement on Monday.
Currently, Patricia A Lacina is the Charg&eacute; d&rsquo;Affaires at the US Embassy in New Delhi. She assumed charge on September 9, 2021.
Jones has earlier served as the Assistant Secretary of State for Europe and Eurasia, acting Assistant Secretary of State for the Near East and Ambassador to Kazakhstan. She carries the highest foreign service rank of a Career Ambassador.
&ldquo;In India, Ambassador Jones will join our Embassy and Consulate interagency teams in advancing and expanding the partnership between our governments and people, a partnership that Secretary (Anthony) Blinken has called one of the most consequential in the world,&rdquo; the Department of State said on Monday.
The Biden administration had in July 2021 announced the nomination of Los Angeles Mayor Eric Garcetti as the next US Ambassador to India.
However, Garcetti&rsquo;s nomination is yet to receive confirmation from the US Senate.
His nomination was initially blocked by Republican Senator Chuck Grassley because of allegations of inappropriate behaviour by one of his senior staffers.
Though the hold on his nomination has been lifted, the Democrats are reluctant to put his nomination to vote on the Senate floor as they believe that they do not have enough votes.
Garcetti has been Mayor of Los Angeles since 2013.
If confirmed by the Senate, Garcetti, 51, would replace Kenneth Juster, who served as the US Ambassador to India from 2017 to 2021 during the Trump administration.&nbsp;

PM Narendra Modi hails Bangladesh, says it is our biggest development and trade partner
 

Bangladesh is India&rsquo;s key partner under the latter's &lsquo;Neighbourhood First' policy
&nbsp;

On the sidelines of the bilateral talks, Bangladesh and India signed 7 MoUs in the presence of &nbsp;PM Narendra Modi and his counterpart Sheikh Hasina in Delhi&rsquo;s Hyderabad house including a key pact on sharing water of Kushiyara river.&nbsp;
Earlier in the day, Bangladesh prime minister Sheikh Hasina was welcomed by her Indian counterpart at the Rashtrapati Bhawan in the national capital where she was accorded the ceremonial Guard of Honour. Hasina arrived in India on Monday on a 4-day visit.&nbsp;
&ldquo;Trade between India-Bangladesh is increasing rapidly. We have decided to extend cooperation in the IT, Space and Nuclear sectors. Talks are also underway between India and Bangladesh on power transmission lines.", PM Modi said while addressing a joint press conference with his counterpart Sheikh Hasina in Delhi.&nbsp;
Notably, Bangladesh is India&rsquo;s key partner under the latter's &lsquo;Neighbourhood First' policy.&nbsp;
On September 5 2022, Hasina met India&rsquo;s foriegn minister S Jaishankar and raised the issue of instability in the Rakhine state of Myanmar and concerns that it could spread further.&nbsp;
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The President of the Republic of Maldives, Ibrahim Mohamed Solih is scheduled to visit India for a four-day trip starting on Monday, in an effort to further bolster their relationship. 

Maldives President Ibrahim Solih to arrive in India on a 4-day visit to 'bolster bilateral ties'

President &nbsp;Solih would undertake an official visit to India from August 1&ndash;4, at the invitation of Prime Minister Narendra Modi.

The President of the Republic of Maldives, Ibrahim Mohamed Solih is scheduled to visit India for a four-day trip starting on Monday, in an effort to further bolster their relationship.
According to a statement issued by the Ministry of External Affairs, President Solih would undertake an official visit to India from August 1&ndash;4, at the invitation of Prime Minister Narendra Modi.
Furthermore, a business delegation and high-ranking official would accompany the Maldivian President. &nbsp;&nbsp;
President Solih will meet President Droupadi Murmu and speak with PM Modi and External Affairs Minister S Jaishankar. Solih will also meet with an Indian business group in New Delhi in addition to his formal engagements in India.&nbsp;
Notably, Maldives holds a special place in India's Neighbourhood First Policy as one of its most important neighbours in the Indian Ocean region. All areas of cooperation within the partnership have shown remarkable expansion in recent years.
The two leaders of the nations will have the chance to assess the development of their extensive collaboration and give it new vitality during President Solih's impending official visit, as per the statement. &nbsp; &nbsp;
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Maldives-India ties &nbsp;
Besides this, one of India's main maritime neighbours in the Indian Ocean is the Maldives, and overall bilateral ties, particularly those pertaining to security and defence, have been strengthening in recent years. &nbsp; &nbsp; &nbsp; The relationship between India and the Maldives has been based on development cooperation, with New Delhi giving the island country funds for community development projects and lines of credit totalling more than $1.2 billion for infrastructure, PTI reported. &nbsp; &nbsp;
The island country signed a deal in August 2021 to construct a connection project sponsored by India, which is regarded as the biggest infrastructure project being implemented in the island country. &nbsp;&nbsp;
A 6.74 km long bridge and causeway link will be constructed as part of the Greater Male Connectivity Project (GMCP) to join the capital city of Male with the nearby islands of Villingli, Gulhifalhu, and Thilafushi, as per the PTI report. It will purportedly be the biggest infrastructure project in the Maldives, funded by a grant of $100 million and a line of credit of $400 million from India. &nbsp; &nbsp;

bilateral ties

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