India, EU to re-launch free trade talks: What PM Modi, EU leaders discussed
India and the European Union (EU) on Saturday announced their decision to resume negotiations for a balanced and comprehensive trade agreement after a gap of eight years and unveiled an ambitious connectivity partnership, during a virtual meeting between Prime Minister Narendra Modi and leaders of 27 member nations of the bloc.
In his remarks, Modi invited the EU to support a proposal by India and South Africa to waive patents on COVID-19 vaccines so that there can be equitable vaccine access for the entire world, officials said.
The meeting, participated by leaders of EU member states as well as the top leadership of the EU, also decided to launch negotiations on two other key agreements on investment protection and geographical indications.
The pandemic and its economic consequences had disastrous impacts on the world economy, also on the African continent. In South Africa, the government initially implemented a stricter lockdown than most European countries – and tried to buffer the effects with an economic stimulus package. But that didn’t really work.
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