UPSC Articles
India-Luxembourg Summit held
Part of: GS Prelims and GS-II – International Relations
In news
- Recently the first-ever India-Luxembourg Virtual Summit was held.
Key takeaways
- Luxembourg is a founding member of the EU.
- In this context, the two countries exchanged views on further strengthening India-EU relations including forward movement on India-EU trade agreements and investment agreements.
- The Luxembourg Prime Minister conveyed the intention of Luxembourg to join the International Solar Alliance.
- Indian PM also invited Luxembourg to join the Coalition for Disaster Resilient Infrastructure.
- The leaders looked forward to the 17th Joint Economic Commission between India and the Belgium-Luxembourg Economic Union to review the economic and trade relations.
- Three agreements were signed coinciding with the Summit. The agreements were: (1) MoU between India International Exchange (India INX) and Luxembourg Stock Exchange; (2) MoU between State Bank of India and Luxembourg Stock Exchange; (3) MoU between Invest India and Luxinnovation
