Prime Minister Narendra Modi on July 15 pitched for bringing out an “action-oriented” agenda to further expand ties between India and the 27-nation European Union within a stipulated time frame.

Also read: E.U.-India summit to launch talks on resuming FTA negotiations

In his inaugural remarks at the 15th E.U.-India summit, the prime minister said he was committed to enhance ties with the grouping, noting that a long-term strategic perspective should be adopted to boost the relationship.

“We should go for an action-oriented agenda to expand ties and it can be implemented within a stipulated time frame,” Mr. Modi said at the virtual summit.

Calling India and E.U. as “natural partners”, the Prime Minister said the partnership is beneficial for peace and stability in the world.

“India and E.U. share universal values like democracy, pluralism, respect for international institutions, inclusivity, multilateralism, freedom and transparency,” he said.

The Prime Minister said India-E.U. partnership can play an important role in economic reconstruction and in building a human-centric globalisation.

The European Union delegation at the summit is headed by President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen.

The E.U. is a strategically important grouping for India. The E.U. as a whole was India’s largest trading partner in 2018. India’s bilateral trade with the E.U. in 2018-19 stood at $115.6 billion with exports valued at $57.17 billion and imports worth $58.42 billion.

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