Prime Minister Narendra Modi and European Commission President Ursula von der Leyen on Monday agreed to launch an EU-India commerce and expertise council to handle the challenges of guaranteeing trusted expertise and safety within the wake of speedy geopolitical adjustments. The resolution was taken throughout talks between Modi and von der Leyen.
The European Union mentioned the strategic coordination mechanism will enable each companions to sort out challenges “at the nexus of trade, trusted technology and security, and thus deepen cooperation in these fields.” It mentioned each side agreed that speedy adjustments within the geopolitical atmosphere spotlight the necessity 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 mentioned in an announcement.
The EU mentioned shared values and customary pursuits of the EU and India provide a powerful foundation to accentuate mutually helpful and deeper strategic cooperation.
“The European Union and India are bound by decades of close partnership and are determined to increase joint efforts to tackle current challenges and address geopolitical circumstances,” it mentioned. “The decision to set up a Trade and Technology Council will be the first for India with any of its partners and second for the European Union following the first one it has set up with the US,” the EU mentioned.
It mentioned establishing the EU-India council is a key step towards a strengthened strategic partnership for the advantage of all peoples within the EU and India. The European Commission President started a two-day go to to India on Sunday within the backdrop of the Russia-Ukraine battle.
At an occasion on Sunday, von der Leyen mentioned Russia’s struggle in Ukraine was a stark reminder that the dependency on Russian fossil fuels shouldn’t be sustainable, and pitched for deeper cooperation between India and the EU to develop the usage of clear power.
In her deal with on the International Solar Alliance (ISA), she additionally talked in regards to the want for sustainable methods of doing enterprise utilizing clear power and likewise emphasised the necessity for switching to “home-grown clean energies” within the wake of the Russian aggression in opposition to Ukraine. External Affairs Minister S Jaishankar known as on von der Leyen earlier than her talks with Modi.
“Pleased to call on President of @EU_Commission @vonderleyen. Discussed taking forward the #IndiaEU partnership. Also exchanged views on the economic and political implications of the Ukraine conflict,” Jaishankar tweeted.
Source: www.financialexpress.com”