INTERNATIONAL TRADE: EC President and India's Modi to deepen bilateral cooperation

EC President and India's Modi to deepen bilateral cooperation

By GEO´ Newsteam - Gibraltar

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Following on from UK Prime Minister Boris Johnson´s trip last week the EU President Ursula von der Leyen has travelled to India for a series of wide-ranging talks aimed at advancing their strategic partnership. It is believed she met both the President of India, Ram Nath Kovind, and Prime Minister Narendra Modi.

She said in a statement in New Delhi that the Union and India are to strengthen their partnership and deepen bilateral cooperation with a focus on upholding the rules-based global order, supporting economic recovery, fighting climate change and charting the digital transition according.

President von der Leyen and Prime Minister Narendra Modi also agreed to establish a joint Trade and Technology Council to tackle key trade, economic and technology challenges, and advance cooperation in these areas.

They also agreed to resume negotiations for an EU-India Free Trade Agreement and to start talks on an Investment Protection Agreement as well as on an Agreement on Geographical Indications. The first round of negotiations will take place in June.

“Today, we are taking steps to deepen our strategic ties with India – on trade, trusted-technology and security, notably in respect of challenges posed by rival governance models. This will help us diversify and secure our supply chains, boost economic opportunities for our businesses, and bring significant benefits to our citizens”, President von der Leyen said, noting that the common objective is to conclude all three agreements swiftly. Learn More - Register Free to receive our full analysis direct to your inbox or smart device. 

Image Credit: Prime Minister's Office (India) under CC