India – EU
The Czech Republic assumed EU Presidency in January 2009. EU has accepted India as a strategic partner. EU and India have had 9 rounds of Summit meetings since 2000. India and EU are now negotiating a Broad-based Trade and Investment Initiative. The two way trade between India and EU has more than doubled in past few years.
India – EU trade
Value: in billion euros
|Indian Exports to EU||25.599||29.407||21.264||-16 %|
|Indian Imports from EU||29.472||31.526||21.973||-18 %|
|EU – India total Trade||56.071||60.933||43.237||-17 %|
India and EU have also been cooperating in the field of science and technology. India is amongst six countries accepted by EU as a partner in International Thermo Nuclear Experimental Reactor (ITER).