The European Union and India will agree to relaunch stalled free-trade talks at a virtual summit on Saturday, according to a draft statement seen by Reuters, as concerns about China’s rise bring Brussels and New Delhi closer. The draft statement, which must be signed off by EU ambassadors today and needs New Delhi’s final approval, would bind together two of the world’s biggest economies in an alliance seen as a counter to China. If it is approved, the EU and India will say: “We agreed to resume negotiations for a balanced, ambitious, comprehensive and mutually beneficial trade agreement which would respond to the current challenges,” the draft statement said. India’s Prime Minister Narendr
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