New Delhi, April 25
Prime Minister Narendra Modi and European Commission President Ursula von der Leyen agreed on Monday to launch the EU-India Trade and Technology Council, a strategic coordination mechanism to tackle challenges at the nexus of trade, trusted technology and security.
It will be the second trade and technology council involving the 27-nation European Union (EU) after its first one with the United States.
The decision to launch the new platform was taken during talks between Modi and von der Leyen. The two leaders deliberated on a plethora of key issues, including the situation in war-hit Ukraine.
In a tweet, Modi said he was delighted to hold talks with the European leader and that both sides reviewed the “full range of India-EU ties including economic and cultural linkages”.
Besides holding talks with the prime minister, the visiting European leader also met President Ram Nath Kovind.
“Today, our relationship is more important than ever. We have so much in common. We are vibrant democracies, we both support wholeheartedly the rules-based international order and we have both large economies, and we are both facing a challenging global landscape,” von der Leyen said in her opening remarks at the meeting with Modi.
“For the European Union, the partnership with India is one of our most important relationships for the coming decade and strengthening this partnership is a priority,” she added.
The European Commission president said she was glad that both sides are starting negotiations toward comprehensive trade and investment agreements.
The European Union said the EU-India Trade and Technology Council will allow both partners to tackle challenges “at the nexus of trade, trusted technology and security, and thus deepen cooperation in these fields”.
It said both sides agreed that the rapid changes in the geopolitical environment highlight the need for joint in-depth strategic engagement.
“The Trade and Technology Council will provide the political steer and the necessary structure to operationalise political decisions, coordinate technical work and report to the political level to ensure implementation and follow-up in areas that are important for the sustainable progress of European and Indian economies,” the EU said in a statement.
