India- EU Trade and Technology Council: It is a platform for India and the European Union (EU) to discuss issues related to trade and technology cooperation. India- EU Trade and Technology Council is also important for UPSC Prelims Exam and UPSC Mains Exam (GS Paper 2- International Relations, Promoting Trade and Development between India and other countries/groupings like EU, ASEAN, etc).
The first Ministerial meeting of India- European Union Trade and Technology Council (TTC) is scheduled to take place in Brussels, Belgium on 16th May 2023.
The formation of the Trade and Technology Council (TTC) was announced in April 2022, during a meeting in New Delhi between Prime Minister Shri Narendra Modi and H.E. Ms. Ursula von der Leyen, President of the European Commission.
Ministerial meetings of the TTC will rely on the preparatory work of three working groups, which will meet within two weeks to organise their work:
There will be three working groups under the India- EU TTC Meeting discussions. The first ministerial meeting will lay the roadmap for the cooperation under all three working groups and provide direction to achieve desired outcomes before the next ministerial meeting in the coming year.
India-EU Free Trade Agreement (FTA): Negotiations Re-launched
The India-EU Technology and Trade Cooperation (TTC) meeting is a platform for India and the European Union (EU) to discuss issues related to trade and technology cooperation.
The India-EU TTC meeting is attended by representatives from India and the EU, including government officials, business leaders, and experts in various fields.
The main objectives of the India-EU TTC meeting are to enhance trade and investment flows between India and the EU, to identify and remove barriers to trade and investment, and to promote cooperation in areas such as research and development, innovation, and technology transfer.
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