By A Staff Reporter
Mumbai, Maharashtra: European Commissioner for Budget and Administration, Johannes Hahn, addressed the significance of India-EU trade relations during a recent interaction in Mumbai. Hahn compared the partnership to a "AAA-rated bond," underscoring its stability and potential for growth.
"It is a solid, sustainable, and successful bond which generates quite attractive yields," Hahn remarked, emphasizing how this trade partnership continues to yield significant economic benefits for both India and the European Union. He highlighted the positive impact of these relations on reinforcing the European economy, particularly the European single market, which plays a critical role in supporting businesses from across the globe, including Indian companies.
Hahn noted that the European single market holds substantial importance for Indian firms, as it provides opportunities to expand and integrate with one of the world's largest economic areas. The remarks underscore the long-standing and evolving trade relationship between India and the EU, which continues to grow stronger with time.
As the two economies engage in ongoing trade talks, the focus remains on fostering deeper economic integration and creating sustainable economic growth across multiple sectors.
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