India and the European Union have agreed to establish a regular “high level” dialogue on bilateral trade, investment and multilateral issues of mutual interest, although they have announced no progress in the stalled negotiation of the agreement. Free trade between the two, the BTIA.
The parties virtually held their 15th summit on Wednesday, attended by Indian Prime Minister Narendra Modi and European Commission heads Ursula von der Leyen, as well as the European Council, Charles Michel.
“Heads of state and government have agreed to further develop their trade and investment ties to unlock their full potential, particularly in the context of the COVID-19 economic recovery, and to support sustainable growth and employment in both places,” he said the joint declaration. .
In particular, they decided to “establish a regular high-level dialogue at ministerial level to provide guidelines for bilateral trade and investment relations and to address multilateral issues of mutual interest”.