Part of: GS Prelims and Mains II – India and EU ties; International Relations
In News:
India- European Union (EU) to hold virtual summit
Focus areas:
India and EU to restartfree trade agreement (FTA) negotiations – Bilateral Trade and Investment Agreement (BTIA)
To conclude several agreements including – a roadmap for cooperation, an agreement on research sharing for civil nuclear cooperation and launch a maritime security dialogue as well as negotiations between Europol and the CBI.
Medical developments on vaccines and treatment.
Do you know?
EU is India’s largest trading partner and investor, and accounts for 11% of India’s global trade.
EU had welcomed India’s election to the UN Security Council next year.
EU has reservations about the model “Bilateral Investment Treaty” (BIT) that India has proposed, especially on dispute mechanisms in Indian courts.
Bilateral Trade and Investment Agreement is a Free Trade Agreement between India and EU, which was initiated in 2007.
