By Manoj Kumar and Shivangi Acharya NEW DELHI, Jan 23 (Reuters) - India and the European Union are expected to announce the conclusion of protracted negotiations for a free trade pact on Tuesday, two Indian and EU government sources said.

The European Union is ready to implement a free trade agreement with the Mercosur group of South American countries on a provisional basis.

The leaders said they want an EU-U.S. trade deal to be back on track after the European Parliament ​suspended its ratification in protest over U.S. pressure to acquire Greenland. While saying they want to work on strengthening the transatlantic cooperation, the EU leaders warned that they ‌were ready to act if Trump was to threaten them again.

BRUSSELS, Jan 23 (Reuters) - The European Commission said on Friday it would propose suspending for another six months an EU package of retaliatory trade measures against the U.S. worth 93 billion euros ($109.

European Union lawmakers are expected to vote on ratifying the bloc’s trade deal with the US, restarting the process after President Donald Trump walked back his latest threat to impose tariffs on European allies that opposed his plans to annex Greenland.

The European Union is set to deliver almost 450 emergency generators to Ukraine following massive Russian attacks on the country's energy infrastructure during a brutal winter. The European Commission said on Friday that the 447 generators - worth €3.

Despite the EU’s $21.1 trillion economic size and $5.4 trillion in external goods trade, India’s share remains modest — around 2.9% of the EU’s imports and 1.9% of its exports. Additionally, over 70% of India’s exports to the EU go to just five member states.

The proposed deal would lower tariffs on European cars and wine while opening up new markets for Indian electronics, textiles, and chemicals

India and the European Union are in the final and most difficult phase of free trade agreement talks, with both sides aiming to announce the conclusion at the India-EU Summit in New Delhi on January 2