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India is among the few nations in the world that run a surplus in services trade with the EU. Investment stocks from Europe to India reached €51.2 billion in 2015. [4] As of 2021, EU is India's third largest trading partner, accounting for €88 billion worth of trade in goods or 10.8% of total Indian trade.
In the 1960s and 1970s, India's international position among developed and developing countries faded during wars with China and Pakistan, disputes with other countries in South Asia, and India's attempt to match Pakistan's support from the United States and China by signing the Indo-Soviet Treaty of Friendship and Cooperation in August 1971.
First bilateral U.S. treaty with another country of the Americas. 1825 Treaty of Rio de Janeiro (1825) The Kingdom of Portugal recognized the independence of the Empire of Brazil. Osage Treaty (1825) [note 103] The Osage Nation cedes territories to the United States within and west of Missouri and the Arkansas Territory. Treaty of St. Louis (1825)
[6] [11] Whilst staying in India during World War II, Norblin also painted portraits of the local aristocracy and decorated their residences. [11] Indian prisoners of war were held by the Germans alike Polish and other Allied POWs in the Stalag XX-B and Stalag XXI-B POW camps located in Malbork and Tur, respectively. [12] [13]
In the years following the liberation, Portugal refused to recognize India's sovereignty over Goa. Salazar died in 1970. In 1974 a democratic government took power in Portugal and recognized India's sovereignty in Goa. The two countries signed a treaty in New Delhi on 31 December 1974, re-establishing diplomatic relations.
As of 2022, India has preferential access, economic cooperation and FTA with more than 50 individual countries. The negotiations for the Comprehensive Economic Partnership Agreement between India and the United Arab Emirates were completed in 88 days, which was the shortest time span for any free trade agreement signed by India. [1]
Chile is negotiating or is planning bilateral agreements with the following countries and blocs: Guatemala; India [112] Nicaragua; People's Republic of China is negotiating or is planning bilateral agreements with the following countries and blocs: Gulf Cooperation Council (GCC) – China–GCC Free Trade Agreement
German exports to India was €8.92 billion (ranked 25), German imports from India was €7.06 billion (ranked 27). [36] By 2023, total trade had grown to €30.8 billion (ranked 23) with €2.19 billion trade balance in Germany's favour. [37] Germany is India's largest trading partner in Europe.