Europe needs new trading partners.
(Photo: REUTERS)
Brussels, Bangkok The West wants to lure India out of its dependence on Russia with generous offers for a close partnership. When EU Commission President Ursula von der Leyen meets Indian Prime Minister Narendra Modi tomorrow, Monday, she wants to offer him the establishment of a “Trade and Technology Council”, the Handelsblatt learned from EU Commission circles.
Such a Trade and Technology Council (TTC) has existed with the USA for almost a year. In the case of India, it is primarily intended to help make the country more independent of trade relations with China and Russia, for example when it comes to 5G and 6G mobile communications technologies.
In addition, the EU Commission is committed to European companies supplying India with armaments, also by participating in joint ventures in India. India currently gets 60 percent of its military equipment from Russia. Western countries have so far been reluctant to deliver their latest systems to India. That should change.
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