SGT University Latest News: The upcoming India-EU Trade and Technology Council (TTC) meeting, scheduled for May 15-16 in Brussels, is expected to cover a wide range of topics, with a particular emphasis on artificial intelligence (AI).
Helena König, the European External Action Service’s (EEAS) deputy secretary general for economic and global affairs emphasized the importance of collaboration between India and the EU, noting that in terms of technology, India is very advanced, and we’re very advanced, so we’ll work on it together.
The European Union’s (EU) diplomatic service and foreign and defense ministry is known as the EEAS. It is in charge of the EU’s foreign policy and managing the EU’s diplomatic missions around the world.
The establishment of the EU-India Trade and Technology Council is seen as a critical step in strengthening the EU-India strategic partnership. The council is the EU’s second such bilateral forum, and India’s first established with any partner. It is hoped that the council will serve as a forum for discussions on a variety of topics, including trade, technology, and artificial intelligence.
Three top Indian ministers – EAM S Jaishankar, trade minister Piyush Goyal, and IT minister Ashwini Vaishnaw – will travel to Brussels for the upcoming TTC meeting to discuss the future of India-EU relations. Last year, European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi agreed to establish the EU-India Trade and Technology Council. TTC ministerial meetings will be held at least once a year, alternating between the EU and India.
König expressed optimism about the India-EU Free Trade Agreement (FTA) talks, noting that there is the strongest commitment from the highest level for the pact’s conclusion. She emphasized the significance of a comprehensive agreement that can be used for decades to come.
The next round of India-EU FTA talks is scheduled for June in Delhi. König also emphasized the significance of the upcoming Indo-Pacific Forum in Stockholm, Sweden, which will bring together several ministers to focus on issues that can be addressed with concrete actions. The meeting will be attended by India’s external affairs minister. She praised India’s role as the world’s largest democracy, noting that the EU shares similar values with India. König emphasized the importance of multilateral dialogue, citing India as a strong defender of the multilateral system.