15th edition of India-EU Summit held virtually, with focus on Trade and Investment

The 15th edition of the India-European Union (EU) Summit was held virtually on 15 July 2020.
India was represented by Prime Minister Narendra Modi.
The EU was represented by Charles Michel, President of the European Council, and Ursula von der Leyen, President of the European Commission.
The “annual” summit was held after a gap of more than two years. The Summit was put off due to disagreements over trade and investment.
The 27-member EU is India’s largest trading partner, with cumulative investment of over $91 billion.

Key Highlights of the Summit includes:

The main area of discussions in the 15th India-EU Summit was political & security relations, trade & investment and economic cooperation.
The leaders adopted the “India-EU Strategic Partnership: A Roadmap to 2025” to guide cooperation between India and the EU over the next five years.
India-EURATOM Agreement was also signed on research and development cooperation in the peaceful uses of nuclear energy.
They also adopted a Joint Declaration on Resource Efficiency and Circular Economy.
Renewed the India-EU Science and Technology Agreement for another five years.