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This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.
While temperatures are below freezing point at Davos, geopolitical tensions have been on the boil as U.S. President Donald Trump’s pursuit of Greenland has thrown transatlantic relations in disarray.
As Europe appears to stand up to Trump, it is seeking newer trade alliances with its focus now on partnering with the world’s fastest growing large economy — India.
European Commission President Ursula von der Leyen said at the World Economic Forum in Davos on Tuesday that the European Union was on the “cusp of a historic trade agreement” with New Delhi. “We are choosing fair trade over tariffs. Partnership over isolation. Sustainability over exploitation,” she said.
