17/08/2022 - International Relations

KEY POINTS

·        The 15th India-EU Summit, in July 2020, provided a common road map to guide joint action and further strengthen the partnership over the next five years.

·        Bilateral trade between the two surpassed $116 billion in 2021-22.

·        Beyond the economic partnership, India and the EU have several avenues of collaboration.

·        For example, the ‘green strategic partnership’ between India and Denmark aims to address climate change, biodiversity loss and pollution.

·        India and the EU regularly conduct joint military and naval exercises which reflects on their commitment to a free, open, inclusive and rules-based order in the Indo-Pacific.

·        The first maritime security dialogue between the two in 2021 focused on cooperation in maritime domain awareness, capacity-building, and joint naval activities.

·        France’s on-time delivery of 36 Rafale fighter jets and willingness to offer Barracuda nuclear attack submarines to the Indian Navy reflects the growing level of trust in their relationships.

·        Furthermore, the Science and Technology Joint Steering Committee between the two focus on areas such as healthcare, Artificial Intelligence, and earth sciences.

·        In 2020, there was an agreement for research and development cooperation in the peaceful uses of nuclear energy between the European Atomic Energy Community and the Government of India.

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