www.consilium.europa.eu/en/press/press-releases/2020/07/15/joint-statement-15th-eu-india-summit-15-july-2020/ India and the EU expect to promote bilateral trade by removing barriers to trade in goods and services and investment in all economic sectors. These negotiations are in line with the commitment made by the Heads of State and Government at the 7th India-EU Summit in Helsinki on 13 October 2006 to negotiate a large-scale trade and investment agreement, based on the report of the India-EU High-Level Technical Group. Close bilateral relations between India and the EU have a considerable economic, political and strategic impact on the international order in crisis. Both sides should harness this potential and stimulate the growth of bilateral relations with strong political will. Trade agreements between India and the European Union are just some of the many hot topics with which candidates trying to verify IAS standards must be well-tested. This article will provide details on one of these agreements – the BTIA (Broad-based Trade and Investment Agreement). India and Germany enjoy strong bilateral relations that cover economic, cultural and security issues – ECONOMIC IMPORTANCE www.orfonline.org/research/eu-india-relations-time-to-chart-a-new-course/ India and the EU: India has impressed the world in recent decades with a formidable quest for modernization and sustainable development. And over the years, the European Union has accompanied and supported such a change. India is the world`s fastest growing largest economy, with the potential to become a global growth engine if it harnesses its full demographic potential. The EU is India`s largest trading partner and one of the main sources of investment.

Nearly 6,000 EU companies are present in India, creating good jobs for more than 6 million people and investing in the skills and creativity of the Indian people. Both India and the European Union have been negotiating the comprehensive trade and investment agreement for decades. The negotiations include many factors such as tariff reductions, market access and investment. The last rounds of negotiations took place in November 2013 and since then negotiations have been inftonated. LAtest events such as Brexit and the termination of other overseas investment contracts could have a direct impact on BTIA, and negotiations are expected to resume in the coming years. It will boost trade and investment in both countries and strengthen relations between two nations. Source: www.thehindu.com/news/national/india-and-eu-push-trade-talks-discuss-china-pakistan-and-the-coronavirus-pandemic/article32092238.ece A total of 18 agreements have been signed, covering a wide range of topics, from skills development to aeronautics, education, science and technology. www.orfonline.org/expert-speak/india-eu-summit-2020-defining-the-future-of-the-strategic-partnership-64817/ www.hindustantimes.com/india-news/india-eu-sign-civil-nuclear-cooperation-agreement-on-eve-of-summit/story-EpPnbxaN92LTkYCIiFqnTM.html Recently, the virtual summit between India and the EU resumed after a few years of interruption.