Monday, December 23, 2024

Trans-Europe express: How Indian businesses can sustain and grow in Europe

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Agencies

Synopsis

India’s recent free trade agreement with the European Free Trade Association presents significant trade opportunities with the EU. However, Indian businesses must comply with new EU supply chain laws to sustain and grow in Europe. Key legislative changes include deforestation regulation, corporate sustainability and due diligence directive, and forced labor regulation.

India’s economic growth and expanding role in global trade, exemplified by its recent free trade deal with the European Free Trade Association (EFTA), are significant opportunities for trade with the EU. However, compliance with new EU supply chain laws is essential for Indian businesses aiming to sustain and grow in Europe, India’s third-largest trading partner. Key legislative changes are deforestation regulation, corporate sustainability and

( Originally published on Jun 03, 2024 )

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