The 15th meeting of the India-European Union Summit will be held in virtual mode on 15th of this month.
The Summit will be co-chaired by Prime Minister Narendra Modi, President of European Council Charles Michel and President of European Commission Ursula von der Leyen.
Sources said, COVID is likely to come up for discussions during the Summit.
Impact of the pandemic on foreign trade, movement of people, and other areas and response to the pandemic is likely to be a subject of discussion between the two sides.
Sources said, India-EU relationship, trade and investment and economic issues will also be discussed.
They said, this meeting is taking place in the background of EU wanting to play a more active role globally and also attaching higher priority to relationship with India and trying to look at the partnership in a more substantive way.
One of the significance of the summit is that the new Presidents of the European Commission and European Council had taken over in December last year.
Sources said, the new leadership believes that EU needs to play a stronger role in the global platform and showed a lot of interest in India and also held telephonic conversations with Prime Minister Narendra Modi soon after taking over.
On scope of Free Trade Agreement with EU during the India-EU summit, sources said, there was a pause on the issue after intensive negotiations for years.
They said, the new EU leadership has shown great interest in India and India and EU will start afresh during the Summit to find a meeting ground.
It was in the year 2000 in which India and the European Union decided to institutionalise mechanism at the level of the Summit.
This year marks 20 years of the Summit process between India and EU. The last Summit between the two sides took place in 2017. (AIR)