India is one of the EU’s most important trading partners. The newly established Trade and Technology Council (TTC) aims to advance green technologies and strengthen supply chains, among other things.
The port of Visakhapatnam: the city is one of the fastest growing economic centers in the country. (Image source: Pixabay)
Focus on key issues
The TTC was adopted on Feb. 6, 2023, and provides for an annual meeting of Council ministers. The meetings will be based on the preparatory work of a total of three working groups. One group will focus on topics related to digitalization, including artificial intelligence, 5G and 6G network rollout. A second group is tackling green energy supply issues as well as waste management. Finally, a third group takes a closer look at supply chains between the EU and India. How can these become more stable in the face of global and geopolitical challenges?
„We expect the EU-India TTC to play a central role in making our economies greener, more prosperous and more competitive.”
-Valdis Dombrovskis, Executive Vice-President and Commissioner for Trade
The Council’s first ministerial meeting is scheduled for spring 2023.
Sources: European Commission, DIHK (german)
