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Framework for Strategic Partnership signed between the International Energy Agency and India 

  • IASbaba
  • January 29, 2021
  • 0
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Framework for Strategic Partnership signed between the International Energy Agency and India 

Part of: GS Prelims and GS- II – International Relations

In news 

  • The Framework for Strategic Partnership between the International Energy Agency (IEA) members and the Government of India was signed.

Key takeaways

  • Aim: To strengthen mutual trust and cooperation & enhance global energy security, stability, and sustainability. 
  • This partnership will lead to an extensive exchange of knowledge and would be a stepping stone towards India becoming a full member of the IEA.

Important value additions 

  • The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation.
  • It was established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.
  • The IEA is made up of 30 member countries.
  • Also, the IEA family includes eight association countries which include Brazil, China, and India.
  • Three countries are seeking accession to full membership, Chile, Israel, and Lithuania.

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