Prime Minister of India, Shri Narendra Modi, and President of the European Commission, Ms Ursula von der Leyen, agreed to launch the India-EU Trade and Technology Council (TTC) on 25 April 2022.
Rapid changes in the world’s geopolitical environment highlight the need for deeper strategic engagement between India and the EU as vibrant democracies, particularly in the fields of trade and technology. The TTC is a high-level coordination platform to take this common work forward. It will allow India and the EU to tackle strategic challenges at the nexus of trade, trusted technology and security, and to deepen their bilateral relationship and help implement political commitments in these fields.
With this Joint Statement, India and the EU establish their TTC and its three Working Groups, which are as under:
1. Working Group on Strategic Technologies, Digital Governance and Digital Connectivity;
2. Working Group on Green and Clean Energy Technologies; and
3. Working Group on Trade, Investment and Resilient Value Chains.
The Working Groups will now start preparing for the first meeting of the TTC, which will take place before the next India-EU Summit.
New Delhi
February 06, 2023