This new partnership will strengthen research and innovation ties between Europe and India and drive forward scientific and technological progress
The first meeting of the India-EU Trade and Technology Council (TTC) in Brussels marks a significant milestone in the strategic partnership between India and the European Union due to its focus on critical domains, External Affairs Minister S. Jaishankar said on Tuesday. The meeting, co-chaired on the Indian side by the EAM, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar, covered key focus areas of strategic technologies, digital governance and green energy technologies. The EAM highlighted that India has a crucial role to play in all aspects and also with regard to its impact on the global talent pool. This first meeting of the Trade and Technology Council is a significant milestone in the strategic partnership between India and the European Union, Jaishankar said in his address. We are obviously important partners for each other but what the TTC represents is a focus on key domains that are critical to both the glob
Claims real impact on European companies that also export from other countries to India considerably higher
Weeks before Sweden takes over the presidency of European Union, Swedish foreign trade minister Johan Forssell on Friday said pushing for an early finalisation of the India-EU free trade agreement will be one of the key priorities of his country's year-long tenure at the 27-nation. He said Sweden will act as an "honest broker" and do its best to conclude the negotiations for the FTA as it will be in "everyone's interest". The minister described India's procurement of crude oil from Russia amid the Ukraine conflict as part of domestic policies, saying every country must make their own decisions. "I have not come here to tell you what to do. The war has affected Europe in many ways, especially in the energy situation. Every country must make their own decisions and I totally agree with Prime Minister [Narendra] Modi saying that this is no time for war," he said while interacting with a group of journalists. "We very much hope for the war to end and hopefully very soon because there a
India and the European Union agreed to establish a Trade and Technology Council early this week. What it is and what both sides will gain from it, watch this report to know more.
Free trade agreement with EU remains a long haul
Sitharaman on Tuesday said resumption of formal negotiations on India-EU trade deal during the leadership summit next month would help further strengthen ties
Union minister Anurag Singh Thakur on Thursday said India is open for stronger trade and investment with the European Union (EU)
Strategic partnership with Europe adopted for cooperation over next 5 years
The EU officials said an announcement on firming up of the civil nuclear cooperation agreement will be made during the summit on Wednesday
Will convey India's position that key differences on trade, investment can be solved earlier
Among EU nations, the Netherlands has historically been the fourth biggest source of foreign direct investments (FDI) for India, pegged at $29 billion since 2000
The government might offer concessions to the European Union (EU) in a bid to push forward the talks on a proposed trade pact, stuck for four years. A Broad-based Trade and Investment Agreement (BTIA) was first mooted in 2007. The 16th and previous formal round of discussion was in 2013. Hurdles remain on issues of tariff reduction and market access in the alcohol and automobile, sectors, prime European exports to India.The prime minister's office is nudging the commerce department to take forward stagnant trade discussion. So, tariff concessions in these areas have been discussed, a senior commerce and industry ministry official said, on condition of anonymity. Chief negotiators from both sides are to meet in mid-November. The stagnancy in talks was made evident during the visit earlier this month by European Commission president Jean-Claude Juncker; met the prime minister. Despite extensive talks during the 14th India-EU Summit in Delhi on October 6, during which European Council ..