The 15th EU-India Summit took place via VTC on Wednesday July 15, 2020 with the participation of the Indian Prime Minister Narendra Modi, the President of the European Council Charles Michel and the President of the European Commission Ursula von der Leyen together with the EU High Representative for Foreign Affairs and Security Policy Josep Borrell.
The Summit was originally supposed to take place in person, in Brussels, back in March. Now, 4 months on, the context in which the Summit was held has vastly changed since the covid-19 pandemic has affected us all and included a variety of subjects in addition to the COVID-19 situation, multilateralism, environment, trade, investment, digital economy and more.
Both sides adopted the EU-India Strategic Partnership: A Roadmap to 2025. Over the next five years, India and EU are expected to expand cooperation in a wide range of areas.
The EU-India bilateral trade in goods and services amounts to €107 billion with a growing share for services. It is a relationship with balanced import and export flows-which proves the complimentarity of the EU and Indian economies. As both sides have vast domestic markets and a strong entrepreneurial tradition, there is enormous potential for the EU and India to benefit from reinforced trade, economic and investment relations.
Read the main points of the summit HERE
This post is also available in: Ελληνικα (Greek)