India hosts the 14th Eu-India summit in New Delhi, where Donald Tusk, President of the European Council and Jean-Claude Juncker, President of the European Commission, represented the EU and India was represented by Prime Minister Narendra Modi. The joint statement reaffirmed a multi level cooperation. They implemented the India-EU agenda for action 2020, that it is a roadmap for bilateral cooperation already in action from the last India-EU summit. Both sides strongly condemned terrorist attack going on all around the world and and called on the global community to react against terrorism. They reaffirmed their commitment to further cooperate on maritime security and welcomed the resumption of tactical exercises in the Gulf of Aden between the EU’s Naval Force Operation ATALANTA and the Indian Navy. The three leaders called to end violence towards the Rohingya minority in Myanmar, spoke about the situation on Korean Peninsula and both condemned the nuclear tests conducted by the DPRK. They reaffirmed their support to the Iranian nuclear issue and called for a diplomatic solution to the Ukraine issue. About Global Challenges India and EU discussed about the problem of global migration and how to mitigate the refugee crisis. On climate change leaders confirmed their commitment to the Paris Agreement and agreed to step up cooperation on its implementation. By the end both sides expressed wisdom of strengthening the economic partnership.
Foreign businesses are becoming increasingly frustrated by Beijing’s lack of action to open up its markets, according to the European Union’s envoy to China. President Xi Jinping delivered a speech at the World Economic Forum in Davos in January firmly endorsing free trade and has promised to further open up the country’s market. Beijing suspended imports of some cheese products and required additional certificates for low-risk food imports from October 1. Foreign firms are also complaining about the possibility they will be forced to make technology transfers in exchange for market access. European Commission President Jean-Claude Juncker proposed to set up a screening framework for foreign investment in EU countries during his state of the union address on September 13, the same day that the United States banned acquisition of Lattice Semiconductor by a Chinese equity fund. China’s investment in the EU last year grew by 77 per cent compared with 2015 to €35 billion (41 billion dollar)”. The EU’s investment in China fell for the fourth straight year to €8 billion, down 23 per cent last year, while its investment in the United States reached 277 billion dollar. Juncker’s proposal, which was made in response to pressure from the German, French and Italian governments, was interpreted as a countermeasure to the rapid inflow of Chinese investment designed to buy up hi-tech firms and know-how from Europe. On Monday the EU also agreed on tough new rules to curb cheap imports, which Juncker described as an “anti-dumping measure”, although he insisted it was not aimed at any country in particular.