Maritime security to terror fight: India-EU pact ready, Pg3

Key Highlights:

• India and the European Union (EU) are set to sign a pact on security and defence partnership on Tuesday.
• European Commission President Ursula von der Leyen and European Council President Antonio Luis Santos da Costa are attending India's 77th Republic Day celebrations as chief guests.
• The 16th India-EU Summit will be co-chaired on January 27.
• The EU is currently India’s largest trading partner in goods, with trade worth approximately $136 billion in FY2024-25.

Detailed Insights:

• Bilateral relations between India and the EU began in 1962, with India among the first to establish diplomatic ties with the European Economic Community.
• The expected India-EU Free Trade Agreement (FTA) aims to create growth opportunities for both economies, particularly benefiting the youth.
• A Mobility Partnership Agreement is anticipated, which will establish new avenues for skilled Indian professionals to work within the EU.
• In 2024, Indian professionals received the highest number of EU Blue Cards, accounting for approximately 20.8% of the total issued.
• While India and the EU share common ground, differences exist regarding the Russia-Ukraine war and concerns over India's human rights record.
• India seeks a stronger stance from Europe concerning China and Pakistan.

Key Concepts Involved:

• EU Blue Card: A permit allowing highly-skilled non-EU citizens to work and live in any EU country, excluding Denmark and Ireland.
• Free Trade Agreement (FTA): A pact between two or more countries to reduce or eliminate trade barriers, fostering increased trade and economic cooperation.
• Mobility Partnership Agreement: A framework to facilitate the movement of people between countries, often involving streamlined visa processes and recognition of qualifications.