New Delhi [India], May 8 (ANI): India and the EU on Saturday agreed to resume negotiations for balanced and comprehensive free trade and investment agreements sides and also agreed to have dedicated dialogues on WTO issues, regulatory cooperation, market access issues and supply chain resilience, demonstrating the desire to deepen and further diversify economic engagement.
They also agreed on a comprehensive and ambitious Connectivity Partnership covering digital, energy, transport and people-to-people connectivity.
Prime Minister Narendra Modi participated in the India-EU Leaders' meeting today which was held in a hybrid format with the participation of leaders of all the 27 EU Member States as well as the President of the European Council and the European Commission. This is the first time that the EU hosted a meeting with India in the EU27 format. The meeting was the initiative of the Portuguese Presidency of the Council of the European Union.
A PMO release said the leaders welcomed the decision to resume negotiations for balanced and comprehensive free trade and investment agreements.
Negotiations on both the trade and investment agreements will be pursued on parallel tracks with an intention to achieve early conclusion of both agreements together.
"This is a major outcome which will enable the two sides to realise the full potential of the economic partnership," the release said.
Negotiations were suspended in 2013 after several rounds of talks spanning six years and both sides have worked intensively over the last few months to arrive at a common understanding. The decisions are also a result of the political desire on both sides to harness the full potential of our economic engagement and work towards an early post-COVID-19 recovery.
The release said India and the EU also announced dedicated dialogues on ..
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