PM Modi and President Sanchez Strengthen India-EU Partnership
Prime Minister Narendra Modi and President Pedro Sanchez of Spain have reaffirmed their commitment to enhancing the India-EU Strategic Partnership. A significant focus is the India-Middle East-Europe Economic Corridor Project (IMEEC). President Sanchez’s visit to India on October 28-29 marked the first by a Spanish President in 18 years. He was joined by key ministers and a business delegation.
The leaders discussed advancing the EU-India triple negotiations, which include a Free Trade Agreement, Investment Protection Agreement, and Geographical Indications Agreement. They emphasized the potential of the IMEEC to improve connectivity between India and Europe.
During the New Delhi G20 Summit in September 2023, a Memorandum of Understanding was signed by India, the US, UAE, Saudi Arabia, France, Germany, Italy, and the European Union to establish the IMEEC. This corridor includes an Eastern Corridor linking India to the Gulf and a Northern Corridor connecting the Gulf to Europe.
PM Modi and President Sanchez also explored cooperation in trade, investment, technology, energy, logistics, ports, and infrastructure. They expressed satisfaction with the progress in bilateral relations since PM Modi’s 2017 visit to Spain and instructed their teams to further enhance cooperation across various sectors.
Doubts Revealed
PM Narendra Modi -: PM Narendra Modi is the Prime Minister of India. He is the leader of the Indian government and represents India in international matters.
Spain’s President Pedro Sanchez -: Pedro Sanchez is the President of Spain. He is the head of the Spanish government and works on behalf of Spain in global affairs.
India-EU Strategic Partnership -: The India-EU Strategic Partnership is a special relationship between India and the European Union. It involves working together on important issues like trade, technology, and global challenges.
India-Middle East-Europe Economic Corridor Project -: This is a project aimed at improving trade and connectivity between India, the Middle East, and Europe. It involves building better transport and communication links to make it easier to do business.
EU-India agreements -: These are agreements between the European Union and India to work together on various issues. They can include trade deals, technology sharing, and other forms of cooperation.
Bilateral relations -: Bilateral relations refer to the relationship between two countries. In this context, it means the relationship between India and Spain, focusing on how they work together and support each other.