Stating that Indian investment in the EU has reached almost Euro 40 billion, the PM said that today, there is deep cooperation between India and European companies in every sector, including R&D, manufacturing, and services.
The India-EU FTA covers trade in goods and services, rules of origin, customs and trade facilitation, trade remedies, and emerging areas such as digital trade and MSMEs.
India and the EU have launched a Security and Defence Partnership, expanding cooperation on maritime security, defence manufacturing and intelligence sharing amid growing global instability.
The relationship between India and the European Union rests on shared values and principles, including democracy, rule of law, a rules-based international order, and commitment to effective multilateralism.
Jaishankar talked to the Ambassadors from EU member countries about the current state of the world, with volatility and instability as the new normal.
The decision to postpone the summit has been taken in the spirit of close cooperation between India and the EU which share the same concerns and commitment to global health and hope that the outbreak would be contained soon, External Affairs Ministry spokesperson Raveesh Kumar told the media.
