EU-India
EU-India Summit
India and EU+27 held its virtual summit on 8th May and agreed to resume negotiations for Free Trade Agreement (FTA) and launched comprehensive connectivity partnership. A copy of joint declaration available here with supporting govt media publication.
India makes the first move on trade and investment agreement with EU
India wants negotiations on bilateral trade and free trade agreement with EU to be pursued parallelly and concluded soon. Union commerce and industry minister Piyush Goyal has written to his counterpart Valdis Dombrovskis last week to initiate the process for resumption of trade & investment negotiations following a decision in this regard arrived at the India-EU Leaders' Summit on May 8. This would involve setting up negotiating groups on different tracks and to begin formal engagement by the two sides. A decision to resume negotiations was a key deliverable of the Porto Summit on 8 May.
EU official looks to align with India on 5G to protect democracy
The European Union will discuss 5G technology rollouts and the establishment of global security standards when leaders meet with India next month, as concerns grow about the dominance of Chinese telecom giants. Europe wants to work with democratic partners including India to establish open and transparent standards as nations prepare to move to the new security protocol that should be part of every 5G value chain, Margrethe Vestager, the European Union’s antitrust chief said in an interview.