India-EU trade, technology council first meeting at Brussels on May 16
The Hindu
first ministerial-level meeting of India-European Union Trade and Technology Council (TTC) will be held on May 16 in Brussels to discuss ways to increase cooperation in strategic technologies
The first ministerial-level meeting of India-European Union Trade and Technology Council (TTC) will be held on May 16 in Brussels to discuss ways to increase cooperation in strategic technologies, digital connectivity, clean energy, trade and investments, an official statement said on May 14.
Commerce and Industry Minister Piyush Goyal is one of the co-chairs along with External Affairs Minister S Jaishankar and Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar, the Commerce Ministry said in a statement.
The EU side is co-chaired by Executive Vice Presidents (EVPs) Dombrovskis and Vestager.
It said that three working groups under the mechanism will report on roadmaps for future cooperation between the two sides — Working Group on Strategic Technologies, Digital Governance and Digital Connectivity; Working Group on Green and Clean Energy Technologies; and Working Group on Trade, Investment and Resilient Value Chains.
"The first Ministerial meeting will lay the roadmap for the cooperation under all three working groups and provide direction to achieve desired outcomes before the next ministerial meeting in the coming year," it added.
During the high-level meetings with senior leadership of the European Union as well as Belgium various issues would come up for discussions and that include ongoing negotiations for Free Trade Agreement (FTA), addressing issues of mutual market access, reforms in the World Trade Organisation (WTO).
The working group on trade, investment and resilient value chains is steered by the Department of Commerce and the first meeting of the working group was co-chaired by commerce secretary Sunil Barthwal and Sabine Weyand, Director General for Trade, from respective sides.
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