The second ministerial meeting of the India-EU Trade and Technology Council (TTC) convened in New Delhi on February 28, 2025, marking a significant milestone in the strategic partnership between India and the European Union. Established in 2022, the TTC serves as a high-level platform to enhance collaboration in critical areas such as digital transformation, green energy, trade, and resilient supply chains.
During this pivotal meeting, both parties evaluated ongoing initiatives and explored new opportunities in sectors including semiconductors, artificial intelligence (AI), and 6G telecommunications. The discussions underscored a mutual commitment to leveraging technology and innovation to address global challenges and foster economic growth.
External Affairs Minister S. Jaishankar, representing India, highlighted the substantial progress achieved in the digital partnership, clean and green energy initiatives, and trade and investment. He emphasized the importance of these developments in strengthening supply chain resilience and enhancing economic cooperation between India and the EU.
European Commission President Ursula von der Leyen, leading the EU delegation, expressed optimism about the deepening ties. She noted that the collaborative efforts in areas like semiconductors and AI are poised to drive innovation and create sustainable solutions for both regions.
A significant outcome of the meeting was the reaffirmation of the commitment to finalize a comprehensive free trade agreement (FTA) by the end of the year. This ambitious goal aims to enhance market access, reduce trade barriers, and create a robust framework for economic collaboration. The FTA is anticipated to be one of the largest of its kind globally, reflecting the strategic importance of the India-EU partnership.
In the realm of digital cooperation, both sides agreed to bolster efforts in developing secure and resilient digital infrastructure. This includes joint initiatives in emerging technologies such as 6G and AI, with a focus on ethical standards and data protection. The collaboration aims to harness technological advancements to benefit societies while safeguarding individual rights.
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Green energy and sustainability were also at the forefront of the discussions. The TTC emphasized the need for joint research and development in renewable energy technologies, including green hydrogen and electric vehicles (EVs). By combining expertise and resources, India and the EU aim to accelerate the transition to clean energy and address the pressing issue of climate change.
Trade Commissioner Maroš Šefčovič highlighted the importance of aligning regulatory standards to facilitate smoother trade and investment flows. He pointed out that harmonizing standards, particularly in the technology and energy sectors, will not only boost economic ties but also set global benchmarks for quality and safety.
The meeting also addressed the significance of involving startups and young researchers in the collaborative framework. By fostering innovation ecosystems and providing platforms for emerging talents, both regions aim to cultivate a new generation of entrepreneurs and innovators who can contribute to the global economy.
In conclusion, the second ministerial meeting of the India-EU Trade and Technology Council has set a dynamic and ambitious agenda for future collaboration. By focusing on critical sectors such as digital technology, green energy, and trade, India and the EU are poised to strengthen their partnership, drive economic growth, and address global challenges through innovation and cooperation.
