Strengthen the strategic partnership
Prime Minister Modi congratulated President Costa on assuming the presidency of the European Council. Noting the significant progress made in the India-EU strategic partnership over the past decade, the leaders reaffirmed their commitment to further strengthen bilateral relations.
Areas identified for cooperation include:
Trade and investment: Both leaders stressed the crucial importance of concluding a mutually beneficial free trade agreement (FTA) as soon as possible. The agreement is expected to strengthen economic engagement, reduce trade barriers and promote investment opportunities.
Technology and digital space: The conversation highlighted the potential for collaboration in advanced technologies and the digital economy, areas in which India and the EU have demonstrated strong capabilities.
Green energy: In line with global climate goals, India and the EU aim to deepen cooperation in renewable energy initiatives, with a focus on sustainability and innovation.
The leaders expressed optimism about the upcoming India-EU summit, scheduled in India later this year. They agreed to finalize a mutually convenient date for the event, which is expected to provide a platform to discuss and formalize key aspects of the partnership.
President Costa remarked: “India is one of our main global partners. It is time to strengthen our relationships and commit to a new strategic agenda. I look forward to the EU-India summit later this year.”
Meeting geopolitical challenges
Prime Minister Modi and President Costa exchanged views on regional and global developments, emphasizing shared security concerns and the importance of respecting international law. They discussed the need for collaboration to address geopolitical challenges in Europe and Asia, emphasizing the importance of a stable and secure international environment.
PM Modi posted on social media: “Happy to speak with President @antoniolscosta. India and the EU are natural partners. We are committed to working closely to further strengthen the India-EU strategic partnership, particularly in the areas of technology, environment. energy, digital space, trade and investments.
President Costa echoed similar sentiments and posted on social media platform We have known each other since 2017, when he invited me to Pravasi Bharatiya Divas. Together, we will address shared concerns and collaborate on a new strategic agenda.
A renewed vision of collaboration
India-EU relations, anchored in shared democratic values and economic synergies, have witnessed substantial growth in recent years. The ongoing dialogue reflects a mutual intention to extend this partnership to various areas, including:
Security cooperation: Strengthen counter-terrorism mechanisms and ensure regional stability.
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