India and the European Union (EU) are planning to launch the EU-India Trade and Technology Council, in a bid to foster cooperation on strategic aspects of emerging technologies and building trusted partnerships.
According to a joint statement, this strategic coordination mechanism will allow both partners to tackle challenges at the nexus of trade, trusted technology and security, and thus deepen cooperation in these fields between the EU and India.
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 decision to set up a Trade and Technology Council will be the first for India with any of its partners and second for the European Union following the first one it has set up with the US. Establishing the EU-India Trade and Technology Council is a key step towards a strengthened strategic partnership for the benefit of all peoples in the EU and India.
Meanwhile, the leaders of both the economies had an extensive discussion on climate related issues, including on possibilities of collaboration between India and the EU in areas like green hydrogen.
