The EU is prioritizing the strengthening of trade relationships with India and other Asia-Pacific nations amid potential US tariffs. EU competition chief Teresa Ribera emphasized the importance of ongoing discussions with India, aiming to finalize free-trade agreements by year-end. Ribera articulated the need for resilience and partnerships with global allies to ensure fair trade practices. Her visit to Beijing coincides with rising US pressures on trade negotiations, prompting the EU to adapt its trade strategy in response to possible tariff impacts.
"We need to explore how far, how deep we can go in the Pacific area with other countries," EU competition chief Teresa Ribera said on Bloomberg TV on Monday. "For instance, these conversations that are ongoing with India are quite important," she said, referring to free-trade talks with the South Asian nation expected to be completed by year's end.
"We need to keep on working to build resilience and to build partnerships with the other partners, the other allies in the world that are also open and willing to apply the rule of law," said Ribera, an executive vice-president of the European Commission. That will "ensure that peaceful and fair trade flows keep on taking place."
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