Functions of the Division
The Division deals with India’s trade and economic cooperation with 38 Countries of Europe region, divided mainly into three blocs:
- European Union : (27 countries) Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, 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, North Macedonia, Montenegro, Serbia, Turkey and UK
Trade Statistics of the Territory
Trade with EU, EFTA, and Other European Countries
Trade with EU, EFTA, and Other European Countries (Values in USD Bn.)
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Other European countries including UK
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Total bilateral trade with
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*(A) Alert indicates that figures are based on Quick Estimates; and are yet to be final
India’s major trading partners of Europe
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Total trade (USD Billion)
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*(A) Alert indicates that figures are based on Quick Estimates; and are yet to be final
FDI in India from Europe
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 USD 101.26 Bn. from Apr 2000-Dec 2022. The FDI from EFTA and other European Countries in the same period
is valued at USD 44.29 billion. (Europe’s total- US $ 145.55 Bn.)
ODI from India to Europe:
ODI outflows to the EU from India is valued at USD 38.27 Bn. from Apr 2000-Feb 2023. The ODI to EFTA and other European Countries in the same period is valued at USD 27.70 billion. (Europe’s total- USD 65.97 Bn.)
Trade Agreement and Negotiations (ongoing)
EU– India and EU had announced resumption of negotiations for a comprehensive, balanced and mutually beneficial Free Trade Agreement in the India-EU Leaders Meeting in Porto on 8th May 2021. After formal launch of the negotiations in June 2022, four rounds of negotiations have so for been held. 5th Round of the negotiations is scheduled in June 2023.
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 launched Free Trade Agreement (FTA) negotiations on 13th January 2022. Both sides are committed for early conclusions of the negotiations and signing of the FTA.
Meetings under Institutional Mechanism held recently
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15th Meeting of India-UK Joint Economic and Trade
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8th Session of India-Greece Joint Economic Committee
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20th Session of India-Finland Joint Commission for
Economic Cooperation (JCEC)
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2nd Session of India-Croatia Joint Commission for
Economic Cooperation JCEC
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2nd Session of India-Norway Dialogue on Trade &
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12th Session of India-Spain Joint Commission for
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