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EU-India future trade and investment cooperation (short presentation)
India is an important strategic partner of the European Union. Not only politically and economically, but also in terms of trade, a good relationship with India is crucial to diversify our supply chains and increase our strategic autonomy. China's strong position in the region and the war in Ukraine only make building strong trade relations more important. That is why, with a report adopted today by the plenary, the European Parliament supports the reopening of negotiations on a free trade agreement with India. But that future trade relationship must also be shaped in a sustainable and fair way. Just as was the case with the free trade agreement with New Zealand, which was struck by the European Commission last week, we expect strong, binding and enforceable agreements to be made with India on climate, sustainability and human and workers' rights. Eradicating child labour is also a priority for us. With the Green Deal and the Climate Law, the European Union has embarked on a new path. This new way must also be translated into the way we trade with the rest of the world in the 21st century.