‘Very disappointed’: Scott Bessent hits out at Europe over India-EU trade deal — what he said - The Times of India
Scott Bessent, a senior US official, has expressed strong disappointment with European nations over their handling of the long-pending India–European Union trade agreement. Speaking openly, Bessent suggested that Europe has failed to move with urgency, even as India shows growing interest in strengthening global trade partnerships. He pointed out that while India is actively engaging with multiple countries to expand trade and investment, Europe appears slow and divided in its approach. Bessent highlighted that such delays could result in missed economic opportunities for European businesses, especially at a time when India is emerging as one of the world’s fastest-growing major economies. He also hinted that global trade dynamics are changing rapidly, and regions that hesitate may lose strategic advantages. His remarks underline growing frustration among international stakeholders who believe the India-EU trade deal could unlock massive economic benefits if negotiations progress faster.
The Key points
- Scott Bessent publicly criticised Europe’s slow pace on the India-EU trade deal
- He described the situation as “very disappointing” for global trade partners
- India is actively pursuing new trade agreements worldwide
- European nations appear divided on key negotiation issues
- Delays may cost Europe valuable access to India’s growing market
- India’s economy remains one of the fastest-growing globally
- Bessent warned that hesitation could weaken Europe’s trade position
- The India-EU trade pact has been under discussion for years
- Faster negotiations could benefit businesses on both sides
- Global trade alliances are shifting rapidly, favouring decisive partners
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