The EU is India's largest trading partner with bilateral trade worth €120 billion. The European Commission aims to finalize a Free Trade Agreement to reduce tariffs and strengthen ties, especially after trade tensions with the US. Despite India's close ties with Russia, the EU sees potential in partnering with India, a rising economic power. The EU-India Security and Defence Partnership is also being developed, with India increasing military purchases from Western countries. The EU plans to engage with India pragmatically, focusing on mutual interests.