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India EU Trade Deal
Why is it in news?
- Indian Prime Minister held video conference with Presidents of European Council and European Commission.
Details:
- India and the European Union (European Union) committed to a framework for strategic cooperation until 2025, and vowed to cooperate on their response to the coronavirus pandemic and at the United Nations Security Council.
- Announced “high-level dialogue” between Commerce Minister and EU Trade Commissioner to try and take the Bilateral Trade and Investment Agreement (BTIA) forward.
- PM Modi said “Our partnership is important for global peace and stability, and this reality is clearer given the situation around the world,” he added.
- He also referred to shared “universal values” of democracy, pluralism, inclusivity, respect for international institutions and multilateralism between India and the EU.