14th Indo-EU Summit

Why in news?

A European Union delegation will be visiting Delhi shortly for the 14th Indo-EU summit.

What are the expectations?

• The EU parliament had resolved recently that the EU-India partnership has immense potential for growth.
• They called upon Brussels and New Delhi to enhance their efforts in promoting effective, rule-based collaboration across domains.
• Trade, investment, innovation, education, science & technology is expected to rank high on the agenda.
• Both need to work for giving better market access to the other.
• Also, given the current global environment, it is vital that such tactical cooperation is also given a strategic & democratic direction.
• Protecting the established international principles & reforming institutions to suit current realities are two key areas.

• Greater coordination in the security aspect is another area that needs improvement.

How does the future look?

• Rooted in its democratic institutions and open societies, the Indian and European world views very similar.
• This has resonated in their vision for Eurasian connectivity – both have voiced for financially sustainable & truly multilateral projects.
• They have identical stands in issues concerning freedom of navigation and many other multi-lateral issues.
• As the world’s two largest democratic regions, India & Europe need to develop a shared liberal vision for a transformed global order.

Source: The Hindu