PM Modi, Portuguese Counterpart Underline Significance of India-EU Summit
The virtual summit is expected to launch negotiations on three agreements on trade, investment protection and geographical indications.
An India-EU trade agreement would send a “powerful signal to the world in support of the benefits of international trade cooperation,” Prime Minister Narendra Modi and his Portuguese counterpart Antonio Costa said in an article. The India-EU Summit on Saturday is a “moment of profound geopolitical significance” and cooperation between the world’s two largest democratic spaces and will have a positive effect on international trade and investment, the leaders said in an article written for Politico. The virtual summit is expected to launch negotiations on three agreements on trade, investment protection and geographical indications. This will mark the resumption of trade talks that were stalled in 2013 because of differences on key issues such as market access and mobility of professionals. The two sides will also launch a connectivity partnership based on their shared approach to transparent and sustainable initiatives. Read Also: Strong Case for Investigating Rafale Deal in France, Says L…