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HomeBusinessIndia, EU decide to launch trade, technology council

India, EU decide to launch trade, technology council

New Delhi (PTI) Prime Minister Narendra Modi and European Commission President Ursula von der Leyen on Monday agreed to launch an EU-India trade and technology council to address the challenges of ensuring trusted technology and security in the wake of rapid geopolitical changes. The decision was taken during talks between Modi and von der Leyen.

The European Union said the 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.” It said both sides agreed that 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.

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