The European Union and India held their first ministerial meeting of the Trade and Technology Council (TTC) in Brussels last week.

The TTC is a forum that delves into the strategic partnership on topics such as trade and technology between the two partners. Geostrategic challenges have strengthened the common interest of the EU and India in ensuring security, prosperity and sustainable development based on shared values. The TTC will help boost EU-India bilateral trade, which is at an all-time high, with €120 billion of goods traded in 2022. In 2022, €17 billion of digital products and services were traded.

Chairing the ministerial meeting was jointly chaired by Executive Vice-Presidents Margrethe Vestager and Valdis Dombrovskis from the EU side and the Indian side by Subrahmanyam Jaishankar, Minister of Foreign Affairs; Piyush Goyal, Minister of Trade and Industry; and Rajeev Chandrasekhar, Minister of State for Skills Development and Entrepreneurship and Electronics and Information Technology. They were joined by High Representative/Vice-President Josep Borrell and Internal Market Commissioner Thierry Breton.

TTC will address major challenges in trade, trusted technology and security as a coordination platform. The ministerial meeting was based on the work of three working groups: Strategic technologies, digital governance and digital connectivity; Green and clean energy technologies; Trade, investment and resilient value chains.

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