India and the European Union (EU) on Friday reviewed their wide-ranging cooperation under the India-EU strategic partnership during which leaders reaffirmed their commitment to further deepen and strengthen the India-EU Strategic Partnership based on shared principles and values of democracy, freedom, rule of law and respect for human rights and territorial integrity of states.
The leaders expressed satisfaction at the progress made towards implementing the India-EU Agenda for Action 2020 – the roadmap for bilateral cooperation endorsed during the 13th India-EU Summit.
The leaders committed to work in a result-oriented and mutually beneficial manner to further strengthen the India-EU Strategic Partnership by deepening their trade cooperation, enhancing investment flows in both directions and broadening dialogue and engagement on global and regional issues, including climate change, as well as migration and the refugee crisis, and resolved to further strengthen their bilateral and multilateral cooperation in these areas.
The leaders commended the strong engagement of the European Investment Bank in India in a wide range of key sectors, in particular in the field of climate action and renewable energy.
The leaders underlined the importance of regular high level contacts to enhance India-EU co-operation and mutual understanding. They noted the fruitful outcome of the India-EU Foreign Ministerial Meeting in New Delhi on 21 April 2017.
They agreed that India and the EU, as the world's largest democracies, share a desire to work closely together and with all relevant players to support a rules-based international order that upholds agreed international norms, global peace and stability, and encourage inclusive growth and sustainable development in all parts of the inter-connected and multipolar world.
They welcomed the growing convergence on contemporary global issues and agreed to enhance India-EU cooperation in all multilateral fora. They also recognised their common responsibility towards ensuring international peace and security, and an open and inclusive international order.
The leaders confirmed their commitment towards conflict prevention and sustaining peace as fundamental aspects of promoting security and prosperity, fostering non-proliferation and disarmament, and agreed on the need for the global community to unite to address the menace of terrorism and safeguard the security of the global commons – sea lanes, cyber space and outer space. They welcomed the 5th India-EU Foreign Policy and Security Consultations held in New Delhi on 25 August 2017 – a platform to further deepen cooperation in the political and security area.
The agreements signed during the 14th India-EU Summit in New Delhi on Friday include:
An implementing arrangement between the European Commission and the Science and Engineering Research Board (SERB) for Indian researchers hosted by the European Research Council grantees in Europe;
Finance contract of Bangalore Metro Rail Project Phase-2-Line R6 for Euro 300 million out of total loan of Euro 500 million; and
A joint declaration between the interim secretariat of the International Solar Alliance and the European Investment Bank.