Functions of the Division
The Division deals with India’s trade and economic cooperation with 38 Countries of Europe region, divided mainly into three blocks:
- European Union :27 countries) Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherland, Poland, Portugal, Romania, Slovak Rep, Slovenia, Spain, and Sweden
- European Free Trade Association : (4 countries) Iceland, Liechtenstein, Norway and Switzerland
- Other European Countries : (7 countries) Albania, Bosnia-Herzegovina, Macedonia, Montenegro,Serbia, Turkey and UK
Bilateral Trade Statistics
Trade with EU, EFTA, and Other European Countries
| Trade with EU, EFTA, and Other European Countries |
| Value in USD billion |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 (P) |
| EU (27) |
| Exports |
38.76 |
43.91 |
47.86 |
44.99 |
41.36 |
| % growth |
8.44 |
13.29 |
9.00 |
-5.99 |
-8.07 |
| Imports |
38.72 |
43.07 |
50.86 |
45.04 |
38.72 |
| % growth |
-0.06 |
11.30 |
18.10 |
-12.50 |
-14.03 |
| Total of EU |
77.48 |
86.98 |
98.72 |
90.03 |
80.08 |
| EFTA(4) |
| Exports |
1.24 |
1.45 |
1.53 |
1.64 |
1.60 |
| % growth |
-19.36 |
16.94 |
5.52 |
6.93 |
-2.29 |
| Imports |
17.82 |
19.77 |
18.47 |
17.54 |
18.91 |
| % growth |
-10.40 |
10.96 |
-6.61 |
-5.01 |
7.81 |
| Total of EFTA |
19.06 |
21.22 |
20.00 |
19.18 |
20.51 |
| Other European countries including UK(7) |
| Exports |
13.30 |
14.95 |
14.95 |
13.89 |
12.31 |
| % growth |
1.54 |
12.41 |
0.00 |
-7.07 |
-11.43 |
| Imports |
4.93 |
7.06 |
10.02 |
8.91 |
6.45 |
| % growth |
-18.09 |
43.20 |
41.93 |
-11.12 |
-27.61 |
| Total of Other European countries |
18.23 |
22.01 |
24.97 |
22.80 |
18.76 |
| Europe |
| Total bilateral trade with Europe |
114.77 |
130.21 |
143.69 |
132.01 |
119.25 |
India’s Major Trading Partners of Europe
| Country |
Exports (USD Bn) |
Imports (USD Bn) |
Total trade (USD Bn) |
| 2017-18 |
2018-19 |
2019-20 |
2020-21 (P) |
2017-18 |
2018-19 |
2019-20 |
2020-21 (P) |
2017-18 |
2018-19 |
2019-20 |
2020-21 (P) |
| Germany |
8.69 |
8.90 |
8.29 |
8.12 |
13.30 |
15.17 |
13.69 |
12.94 |
21.99 |
24.07 |
21.98 |
21.07 |
| Switzerland |
1.08 |
1.19 |
1.20 |
1.26 |
18.92 |
18.09 |
16.90 |
18.23 |
20.00 |
19.28 |
18.10 |
19.49 |
| UK |
9.69 |
9.30 |
8.74 |
8.16 |
4.81 |
7.56 |
6.71 |
4.96 |
14.50 |
16.86 |
15.45 |
13.11 |
| Belgium |
6.21 |
6.73 |
5.81 |
5.24 |
5.99 |
10.47 |
8.88 |
6.94 |
12.20 |
17.20 |
14.69 |
12.18 |
| Netherland |
6.26 |
8.81 |
8.37 |
6.47 |
2.51 |
4.06 |
3.39 |
3.31 |
8.77 |
12.87 |
11.76 |
9.79 |
| France |
4.90 |
5.24 |
5.10 |
4.78 |
6.52 |
6.67 |
6.17 |
4.06 |
11.42 |
11.91 |
11.27 |
8.85 |
| Italy |
5.71 |
5.59 |
4.97 |
4.74 |
4.71 |
5.29 |
4.49 |
3.85 |
10.42 |
10.88 |
9.46 |
8.58 |
| Turkey |
5.09 |
5.45 |
4.97 |
3.95 |
2.13 |
2.39 |
2.12 |
1.47 |
7.22 |
7.84 |
7.09 |
5.42 |
| Spain |
4.00 |
4.18 |
3.95 |
3.24 |
1.66 |
1.68 |
1.61 |
1.51 |
5.66 |
5.86 |
5.56 |
4.75 |
| Poland |
1.54 |
1.57 |
1.55 |
1.65 |
0.77 |
0.79 |
0.85 |
0.71 |
2.31 |
2.36 |
2.40 |
2.36 |
| Total of Europe |
60.31 |
64.34 |
60.52 |
55.17 |
69.90 |
79.35 |
71.49 |
64.08 |
130.21 |
143.69 |
132.01 |
119.25 |
| World |
303.53 |
330.08 |
313.36 |
291.04 |
465.58 |
514.08 |
474.71 |
393.36 |
769.11 |
844.16 |
788.07 |
684.40 |
| % share of Europe |
19.9% |
19.5% |
19.3% |
19.0% |
15.0% |
15.4% |
15.1% |
16.3% |
16.9% |
17.0% |
16.8% |
17.4% |
Foreign Direct Investment
The EU continues to be one of the largest sources of Foreign Direct Investment (FDI) for India with FDI inflows from the EU to India valued at US $ 88.32 billion from Apr 2000-March 2021. The FDI from EFTA and other European Countries in the same period is valued at US$ 35.89 billion.
Trade Agreement and Negotiations (ongoing)
EU -India and EU have agreed to resume negotiations for a Comprehensive and Balanced Free Trade Agreement.
EFTA – India and EFTA are negotiating a Trade and Economic Partnership Agreement and are committed for its early conclusion.
UK – India and the UK have signed a ‘Declaration’ on launch of the Enhanced Trade Partnership [ETP] on 4 May 2021, with intent to negotiate a comprehensive Free Trade Agreement, including consideration of an Interim Trade Agreement to deliver early gains.
Meetings under Institutional Mechanism held recently
| Sl No. |
Subject |
Date |
| 1. |
Midterm Review of the decisions of the 19th Session of India-Italy JCEC |
19th October,2020 |
| 2. |
12th Meeting of India-UK Joint Working Group on Trade |
29th October, 2020 |
| 3. |
18th Session of India-France Joint Committee |
19th November, 2020 |
| 4. |
India-EU Sub-commission on Trade meeting |
27th November ,2021 |
| 5. |
13th Meeting of India-UK Joint Working Group on Trade |
3rd February 2021 |
| 6. |
1st India-EU High Level Dialogue |
5th February,2021 |
| 7. |
9th Session of India-Slovenia Joint Committee on Trade and Economic Cooperation |
23rd March, 2021 |
| 8. |
5th Session of India Portugal Joint Economic Cooperation |
8-9th April, 2021 |
| 9. |
14th Meeting of India-UK Joint Working Group on Trade |
22nd April ,2021 |
| 10. |
2nd India-EU High Level Dialogue |
29th April, 2021 |
