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India-Luxembourg Summit held

  • IASbaba
  • November 20, 2020
  • 0
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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

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