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New Delhi:
Prime Minister Narendra Modi shared India’s views on India-China relations usually and the current state of affairs in border areas, though no dialogue was held on the Galwan Valley clashes with the European Union (EU), mentioned Vikas Swarup, Ministry of External Affairs Secretary (West), on Wednesday.
“As part of the review of global and regional development, our relations with China did come up. The Prime Minister shared our views on the India-China relationship in general and the current situation in the border areas,” Mr Swarup mentioned at a press briefing after the conclusion of 15th India-EU Summit.
He additionally mentioned that there isn’t any set time-frame for the conclusion of the Bilateral Trade and Investment Agreement (BTIA) however India and the European Union (EU) should take the discussions ahead.
He mentioned, “The leaders on both sides affirmed their strong interest and full commitment to develop the India-EU strategic partnership to new depths. They adopted the strategic partnership roadmap to 2025 as the new framework to upgrade the relationships in diverse fields, foreign policy, security, trade and investment, economic collaboration, cooperation on innovative and climate-friendly solutions, digital technologies and connectivity of the broad-based trade and investment agreement.”
The leaders recognised that post-COVID financial recoveries supply alternatives to unleash the total potential for his or her financial ties together with dialogue on provide chain linkages between India and Europe, Mr Swarup mentioned.
He additionally mentioned that the Prime Minister has invited European firms for FDI in India bearing in mind efforts to enhance ease of doing enterprise, regulatory atmosphere and the intention to combine India with ongoing provide chains.
Speaking on the discussions held within the 15th India-EU Summit, the MEA Secretary mentioned, “The 15th India-EU summit has just concluded. Our relationship with the EU is active covers all dynamics underpinned by strong people to people ties. The EU is our largest trading partners of goods with trade exceeding USD 100 billion. We also have a large services trade of approx USD 40 billion. The EU is one of the largest investors in India with a cumulative investment of over USD 91 billion. The EU is also an important source for technology innovation and best practices.”
Mr Swarup mentioned that the summit was held in a really cordial environment marked by mutual respect.
“The discussions covered the joint response to the pandemic, strengthening India-EU strategic partnership and its various dimensions as well as our convergences and our collaborations on the global arena covering multilateralism, international organisations and contemporary developments,” he mentioned.
He additionally knowledgeable that Prime Minister Narendra Modi appreciated the EU”s world coronavirus initiative for accelerating entry to COVID-19 instruments, vaccines, therapies and diagnostics.
“Recognising each other’s strengths and mutual synergies such as our roles in pharmaceuticals and research the EU and India agreed to intensify cooperation and response to the coronavirus including on accessibility and affordability of COVID-19 tools. Both European Council President Charles Michel and European Commission President Ursula von der Leyen greatly appreciated the timely assistance provided by India in terms of providing medicines to EU countries,” he mentioned.
“They sought India’s active engagement in the initiative of universal and affordable vaccines for all,” Mr Swarup additional mentioned.
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