- Recently, the India-EU Leaders’ Meeting was held.
- The meeting 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 EU+27 format.
- The leaders expressed their desire to further strengthen the India-EU Strategic Partnership based on a shared commitment to democracy, fundamental freedoms, rule of law and multilateralism.
Major Highlights of Summit
- Key thematic areas: The leaders exchanged views on three key thematic areas:
- Foreign policy and security;
- COVID-19, climate and environment;
- Trade, connectivity and technology.
- Peaceful Indo-Pacific: The leaders acknowledged the importance of a free, open, inclusive and rules-based Indo-Pacific and agreed to closely engage in the region, including in the context of India’s Indo-Pacific Ocean’s Initiative and the EU’s new strategy on the Indo-Pacific.
- India-EU connectivity partnership
- India and the EU launched an ambitious and comprehensive ‘Connectivity Partnership’ which is focused on enhancing digital, energy, transport and people-to-people connectivity.
- The Partnership is based on the shared principles of social, economic, fiscal, climate and environmental sustainability, and respect for international law and commitments.
- The Partnership will catalyse private and public financing for connectivity projects.
- Contract for the Pune Metro Rail Project: A finance contract of Euro 150 million for the Pune Metro Rail Project was signed by the Ministry of Finance, Government of India, and European Investment Bank.
- It will also foster new synergies for supporting connectivity initiatives in third countries, including in the Indo-Pacific.
- The partnership is seen as a response to China’s Belt and Road Initiative and comes as the EU’s negotiations with China on their Comprehensive Agreement on Investment (CAI) have run into trouble.