The China Mail - Greenland blues to Delhi red carpet: EU finds solace in India

USD -
AED 3.672498
AFN 64.999861
ALL 80.585653
AMD 375.791585
ANG 1.79008
AOA 917.000181
ARS 1442.7501
AUD 1.429889
AWG 1.80125
AZN 1.680153
BAM 1.63073
BBD 1.99759
BDT 121.199993
BGN 1.67937
BHD 0.377031
BIF 2937.878074
BMD 1
BND 1.256097
BOB 6.853798
BRL 5.184987
BSD 0.991791
BTN 90.972914
BWP 13.053901
BYN 2.826126
BYR 19600
BZD 1.994755
CAD 1.36025
CDF 2239.999721
CHF 0.76546
CLF 0.021786
CLP 860.249972
CNY 6.95465
CNH 6.939155
COP 3654.71
CRC 492.76897
CUC 1
CUP 26.5
CVE 91.938449
CZK 20.1907
DJF 176.621406
DKK 6.223645
DOP 62.400727
DZD 129.203021
EGP 46.996597
ERN 15
ETB 154.208339
EUR 0.8333
FJD 2.1993
FKP 0.730141
GBP 0.724365
GEL 2.694995
GGP 0.730141
GHS 10.841008
GIP 0.730141
GMD 72.999938
GNF 8699.603919
GTQ 7.610051
GYD 207.50666
HKD 7.80156
HNL 26.174287
HRK 6.278903
HTG 130.072624
HUF 316.810129
IDR 16733.6
ILS 3.10645
IMP 0.730141
INR 91.50985
IQD 1299.292531
IRR 42125.000158
ISK 121.009785
JEP 0.730141
JMD 155.828021
JOD 0.70898
JPY 152.798978
KES 129.230309
KGS 87.449061
KHR 3988.06
KMF 411.999941
KPW 900.019412
KRW 1429.245014
KWD 0.30615
KYD 0.826534
KZT 499.672738
LAK 21370.831579
LBP 88817.729677
LKR 307.109297
LRD 183.48425
LSL 15.904281
LTL 2.95274
LVL 0.60489
LYD 6.260084
MAD 9.007158
MDL 16.722391
MGA 4452.467409
MKD 51.366781
MMK 2100.049372
MNT 3565.134434
MOP 7.969767
MRU 39.623294
MUR 45.519885
MVR 15.460056
MWK 1735.000353
MXN 17.19435
MYR 3.921503
MZN 63.759728
NAD 15.904348
NGN 1400.660182
NIO 36.497811
NOK 9.60467
NPR 145.555282
NZD 1.662855
OMR 0.384495
PAB 0.9918
PEN 3.324301
PGK 4.243486
PHP 58.847503
PKR 277.687885
PLN 3.49975
PYG 6647.795255
QAR 3.605665
RON 4.248102
RSD 97.829012
RUB 76.250042
RWF 1447.051908
SAR 3.749922
SBD 8.077676
SCR 14.007088
SDG 601.502739
SEK 8.809345
SGD 1.261115
SHP 0.750259
SLE 24.302853
SLL 20969.499267
SOS 565.813555
SRD 38.297007
STD 20697.981008
STN 20.429435
SVC 8.67807
SYP 11059.574895
SZL 15.899644
THB 30.964499
TJS 9.263678
TMT 3.5
TND 2.859918
TOP 2.40776
TRY 43.412101
TTD 6.744515
TWD 31.271503
TZS 2554.223974
UAH 42.574427
UGX 3541.129042
UYU 37.162416
UZS 11999.88327
VES 358.47615
VND 26097
VUV 119.747312
WST 2.729293
XAF 546.933926
XAG 0.008691
XAU 0.000191
XCD 2.70255
XCG 1.787476
XDR 0.68021
XOF 546.929366
XPF 99.437195
YER 238.399248
ZAR 15.89424
ZMK 9001.20421
ZMW 19.583189
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.0000

    82.4

    0%

  • RYCEF

    0.1500

    17.27

    +0.87%

  • CMSC

    0.0200

    23.8

    +0.08%

  • BP

    0.8600

    37.62

    +2.29%

  • RELX

    -1.1500

    38.36

    -3%

  • NGG

    1.7300

    84.31

    +2.05%

  • GSK

    0.4800

    50.8

    +0.94%

  • RIO

    2.4400

    92.91

    +2.63%

  • BTI

    1.3500

    60.34

    +2.24%

  • BCE

    0.3700

    25.52

    +1.45%

  • CMSD

    -0.0630

    24.097

    -0.26%

  • VOD

    0.2700

    14.5

    +1.86%

  • JRI

    -0.0500

    13.68

    -0.37%

  • BCC

    -1.6600

    81.74

    -2.03%

  • AZN

    1.3700

    95.6

    +1.43%

Greenland blues to Delhi red carpet: EU finds solace in India
Greenland blues to Delhi red carpet: EU finds solace in India / Photo: © AFP

Greenland blues to Delhi red carpet: EU finds solace in India

Presiding over the signing of a major trade deal alongside Indian Prime Minister Narendra Modi on Tuesday, EU chief Ursula von der Leyen broke into a large smile.

Text size:

A diplomatic and economic coup, the EU-India pact comes as a welcome piece of good news for Brussels after a tumultuous few weeks dominated by US threats over Greenland.

Addressing a press conference in New Delhi, von der Leyen described it as a tale of "two giants who choose partnership" and "the best answer to global challenges".

In spite of its eye-tickling pollution, the Indian capital must have felt like a breath of fresh air for von der Leyen and European Council president Antonio Costa, who co-led the EU delegation.

As they flew away from Brussels over the weekend, the pair left behind a just-defused crisis in transatlantic relations and internal squabbling over another trade deal with South American nations.

In New Delhi, authorities rolled out the red carpet for the pair, who were feted as guests of honour at India's Republic Day parade.

Posters emblazoned with their faces adorned lampposts across the city.

Costa, whose family hails from Goa, proudly flashed his Indian identity card at a press conference where Modi celebrated him as "the Gandhi of Lisbon".

Meanwhile local media praised von der Leyen's burgundy and gold brocade outfit -- a nod to Indian fashion.

It was a far cry from the scorn and threats reserved for Europe by its traditional ally the United States at the World Economic Forum in Davos last week.

European officials had been hoping to make progress on Ukraine at the Swiss ski resort -- a goal drowned out by US President Donald Trump's push to wrest control of Greenland from EU member Denmark.

- 'Difficult job' -

Trump made an about-turn after talks with NATO chief Mark Rutte -- a change of heart EU officials were keen to credit to Europe's firm response -- and the climbdown took the sting out of an emergency summit called on the Greenland issue.

One year into Trump's second term, Costa said the European Union has "learned how to manage" the ups and downs, and not to "react to each message".

"We need to keep calm and continue to have a polite, respectful relationship," the council chief told AFP. "At the same time, we need to diversify our relationships".

But few in Europe believe the Greenland crisis was a one-off bump in the road, with the unpredictable US leader at the helm.

Maros Sefcovic, the EU's trade chief, told AFP he scours through newspaper headlines each morning in anticipation of "what else might happen".

"It's indeed a difficult job," he quipped.

Yet he said the same was true for most other countries, which in turn found renewed appeal in what Europe has to offer: partnership, predictability and stability.

India, for one, was left bruised by tariffs slapped on it by the White House over its purchase of Russian oil as New Delhi and Washington were negotiating a -- so-far-elusive -- trade deal.

"The last year has turbocharged the European trade policy," Sefcovic said.

Pushing to reduce its dependencies on the United States and China and lower the cost of US tariffs, the EU was negotiating or looking to open talks with an array of nations including the Philippines, Malaysia, the United Arab Emirates and Australia, he said.

- 'New opportunities' -

By cutting or eliminating tariffs on almost 97 percent of European exports, the deal struck in New Delhi will help ease access to India's 1.4-billion-people-strong market for cars, wine, pasta and other EU products.

But the signing also allowed Brussels to turn the page after a just-sealed pact with South American bloc Mercosur was cast into limbo by a legal challenge in the European parliament.

That setback added to rancorous divisions among member states over the deal's impact on European farmers, who remained deaf to the EU's arguments and staged months of tractor-mounted protests against the accord.

European officials hope the new India deal will also help bring the South Asian giant diplomatically closer to Europe.

Neutral on Ukraine, New Delhi has relied on Moscow for key military hardware for decades, but has tried to cut its dependence by diversifying imports and pushing its own domestic manufacturing base.

Modi said a security partnership struck alongside the trade deal would provide "new opportunities" for defence companies.

While denying a pivot away from Russia, foreign secretary Vikram Misri said India was interested in hosting the joint production of European military kit.

Monday's Republic Day parade featured Russian helicopters and planes, alongside dancers and motorcycle daredevils.

But, in perhaps a hint of things to come, it ended with a squad of French-made Rafale fighter jets zooming overhead.

D.Pan--ThChM