Date : May 26, 2021


In news

  • Recently, the India-EU Leaders’ Meeting was held. 

About

  • 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.