14th India-EU summit to be held on October 6

Author : Mircea Birca | Friday, September 29, 2017
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India and the European Union will hold their 14th summit talks on October 6 during which both sides are expected to discuss a host of key issues including ways to remove hurdles for the long pending free trade agreement.

The Indian Ministry of External Affairs (MAE) said the president of the European Council, Donald Tusk, and the president of the European Commission, Jean—Claude Juncker, will be here on a working visit from October 5—7 for the summit.

President Tusk and President Juncker will be accompanied by a high-level delegation including EU’s High Representative for Foreign Affairs and Security Policy and Vice—President of the European Commission Federica Mogherini, MEA spokesperson Raveesh Kumar said.

“The 14th India-EU Summit aims to deepen the India-EU Strategic Partnership and advance collaboration in priority areas for India’s growth and development,” said Kumar.

The EU is India’s largest regional trading partner with bilateral trade in goods at $88 billion in 2016.

The EU is also the largest destination for Indian exports and a key source of investment and technologies.

India received around $ 83 billions of foreign direct investment from Europe during 2000—17 which constituted approximately 24 per cent of the total FDI inflows into the country during the period, said Kumar.

The 13th India-EU Summit was held in Brussels on March 30 last year during Prime Minister Narendra Modi’s visit.

The summit last year had failed to make any headway on resumption of long stalled negotiations for a free trade agreement.

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