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India-Europe Summit: High level ministerial talks to push trade, investment

Strategic partnership with Europe adopted for cooperation over next 5 years

Narendra Modi, EU
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Addressing the summit, Prime Minister Narendra Modi said, “We must adopt long-term strategic perspective to boost ties.” Photo: PTI

Subhayan Chakraborty New Delhi
A high-level ministerial dialogue to boost trade and investment relations, commitment to remove trade hurdles and expand market access, and increased security cooperation are part of the new broad-based strategic partnership adopted between India and the European Union (EU) on Wednesday.

A regular dialogue on trade is expected to pave the way for "balanced, ambitious and mutually-beneficial trade and investment agreements", officials said. 

Both sides also adopted a policy to enhance bilateral market access.

They agreed to optimally use the Investment Facilitation Mechanism (IFM) established in 2017 to promote inbound investments from the EU.

The strategic partnership objectives are set

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First Published: Jul 15 2020 | 8:39 PM IST

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