8. As in the past, a joint press release was adopted at the end of the summit, expressing our common understanding of various issues of mutual interest. The joint declaration on cultural cooperation, attached to the joint press release, provides a broad framework for enhanced cooperation in the field of culture, including exchanges of scientists and students, as well as techniques and know-how in the conservation and restoration of works of art and monuments. Since 2007, India and the EU have established a comprehensive trade and investment agreement (BTIA), but India`s trade regime and regulatory environment remain relatively restrictive. Seven rounds of negotiations have been concluded without reaching a free trade agreement[4][12] Discussions on a bilateral eu-India-India bilateral trade and investment agreement have stalled due to the absence of differences on issues such as the level of direct resources and market access, generic drug production, greenhouse gas emissions , civil nuclear energy, agricultural subsidies, financial sector regulation and guarantees, cooperation on tax evasion. , foreign funding of NGOs in India, trade controls, restrictions on technology transfer and cooperation in the event of an embargo (Russia). [13] India was one of the first countries to establish relations with the European Union. The 1993 Joint Political Declaration and the 1994 Cooperation Agreement were the basic agreements for bilateral partnership. In 2004, India and the European Union became «strategic partners». A joint action plan was adopted in 2005 and updated in 2008. The India-EU Joint Declarations were issued in 2009 and 2012 following the India-EU summits. [6] Relations between the EU and India[7] have been described as high and substanceless rhetoric.

[9] [10] [11] 1. Relations between the EU and India date back to the early 1960s. India was one of the first countries to establish diplomatic relations with the Cee (at the time). The EU-India Cooperation Agreement, signed in 1994, has resulted in bilateral relations that go beyond pure trade and economic cooperation. With the Joint Political Declaration signed in 1993, it paved the way for annual ministerial meetings and broad political dialogue. Since then, dialogues have taken place at different levels and at regular intervals.