Brussels, 6 February 2023
Today, the EU and India have strengthened their relationship as strategic partners by setting up a new Trade and Technology Council (TTC). The new TTC will deepen strategic engagement on trade and technology between both partners.
In a rapidly changing geopolitical environment, the EU and India have a common interest in ensuring security, prosperity and sustainable development based on shared values. The TTC will provide the political steer and the necessary structure to coordinate approaches and advance technical work. To lay the groundwork, both sides have agreed to work on critical areas such as connectivity, green technologies and resilient supply chains. Ministerial meetings of the TTC will take place at least once a year, with the venue alternating between the EU and India. As of today, three working groups are established and will begin their cooperation, one on Strategic technologies, digital governance and digital connectivity, one on Green & clean energy technologies and the last one on Trade, investment and resilient value chains. The first EU-India ministerial meeting is planned to be held in spring 2023. You will find more information on this press release.
Source – EU Commission