The 2nd India-EU Trade and Technology Council (TTC) meeting took place in the capital on Friday. This council, launched in February 2023, is aimed at strengthening bilateral cooperation, boosting trade and investment, and leveraging the strengths of both India and the EU to maintain technological and industrial leadership while upholding shared values.

External Affairs Minister S. Jaishankar shared on X that he participated in the meeting alongside his cabinet colleagues Piyush Goyal and Ashwini Vaishnaw. He expressed gratitude to Henna Virkkunen, Executive Vice-President for Tech Sovereignty, Security, and Democracy of the European Commission, as well as Maros Sefcovic and Ekaterina Zaharieva from the EU, for their partnership.

Jaishankar highlighted the progress made in digital partnerships, clean and green energy initiatives, and trade and investment. He also discussed emerging opportunities in sectors like semiconductors, AI, 6G, electric vehicles, and green hydrogen. Confident about the discussions, he believes they will lead to stronger economic, trade, and technological ties between India and the EU.

The India-EU TTC was first announced in April 2022 during European Commission President Ursula von der Leyen’s visit to India. It serves as a platform for both sides to collaborate on key issues at the intersection of trade, technology, and security. Notably, this is only the second such council for the EU and the first of its kind for India.

The TTC is co-chaired by India's Ministers for External Affairs, Commerce & Industry, and Communications & IT. Under this framework, three working groups have been established, including one focused on Strategic Technologies, Digital Governance, and Digital Connectivity, which is led by the Secretary of India’s Ministry of Electronics and IT.

Disclaimer: This image is taken from Business Standard.