New Delhi : At the 16th India-EU Summit, PM Narendra modi alongwith EU President and President Vonderleyen reviewed the full spectrum of India-EU ties and discussed ways to further accelerate the deepening of India-EU partnership.
Discussions focused on trade and economic cooperation, clean energy and climate action, digital and emerging technologies including AI, connectivity and infrastructure, supply chain resilience, mobility and skills, research and innovation and enhanced cooperation in security and global affairs.
Both sides :
concluded the negotiations for the landmark India-EU FTA ;
Adopted “Towards 2030: India–EU Joint Comprehensive Strategic Agenda”;
signed MoU on Comprehensive Framework on Cooperation on Mobility;
concluded “Security and Defence Partnership”
These important outcomes, along with others, will provide a framework for the partnership for next 5 years and beyond, strengthen our national security, boost trade and investment, create jobs, enhance manufacturing and services and smoothen the movement especially for students, workers and researchers.
The leaders reiterated that the India-EU partnership is forged in mutual objectives of peace and prosperity for our people, and for global good.
List of Outcomes: Visit of President of the European Council and President of the European Commission to India
➤ Towards 2030: A Joint India-EuropeanUnion Comprehensive Strategic Agenda
➤ Joint Announcement on the conclusion of the negotiations of the #India-#EU Free Trade Agreement
➤ MoU between RBI and European Securities and Market Authority (ESMA)
➤ Administrative Arrangement on Advanced Electronic Signatures and Seals
➤ Security and Defence Partnership
➤ Launch of negotiations for an India-EU Security of Information Agreement
CHEMICAL SECTOR
✳ Duty-free access for 97.5% of India’s chemical export basket
✳ Significant scope to tap the $500 billion EU chemicals market
PHARMACEUTICALS & MEDICAL DEVICES
✳ Preferential market access to drive faster growth in high-value segments
✳ Access unlocked to the $572.3 billion EU pharmaceuticals & medical devices market
INDIA-EU FTA: Driving seafood exports and coastal growth
▶️Preferential market access across the entire export basket
▶️New growth avenues in the $53.6 billion EU marine products market
SECURING FARMERS AND AGRI-EXPORTS
▶️ Major boost for agriculture and processed food exports
▶️ Key commodities including tea, coffee, spices, fresh fruits & vegetables and processed foods gain wider market access