Important for India and EU to engage in strategic and geo-political avenues: President Kovind
They are two of the largest open market economies and pluralistic societies, President Kovind said
It is important for India and the European Union to engage in strategic and geo-political avenues such as the Indo-Pacific, President Ram Nath Kovind said on Monday.
Welcoming European Union President Ursula Von der Leyen to India when she called on him in New Delhi, President
Kovind said that India and the European Union were two most vibrant democracies.
They were two of the largest open market economies and pluralistic societies, he added, according to a statement from the President’s Secretariat.
He said that India and European Union share a common perspective on many regional and global issues, including a shared commitment to promoting an international rule based order based on reformed and effective multilateralism, it stated.
The Strategic Partnership that India and EU share is one of the most important relationships for the upcoming decade and strengthening this relationship is a priority for India as it is for the EU, the statement said.
In areas such as climate action, clean energy, sustainable growth, digital transformation and Research & Innovation, the EU will remain an important partner for achieving India’s high ambition in these areas, it added.
Speaking about trade and investment between India and EU, President Kovind pointed that EU is India’s largest trading partner in goods and also one of the most important sources of Foreign Direct Investment, the statement further said.
He said that an India-EU Free Trade Agreement would unlock the full potential of India-EU economic relations. He stressed that as free-market economies, and world’s largest democracies, it is important for like-minded countries like India and the EU to deepen its economic engagement, it noted.
According to the statement, the President said that apart from deepening our economic relations, it is important for India and EU to engage in strategic and geo-political avenues such as in the Indo-Pacific.
"We look forward to the EU and its Member States joining the pillars of the Indo-Pacific Oceans’ Initiative," he said.
India believes that a more ‘Strategic EU’ in the Indo-Pacific region would contribute to the region’s stability, President Kovind added.