EU and India set up Trade and Technology Council

In February 2023, the EU and India set up a new Trade and Technology Council (TTC). The new TTC will deepen strategic engagement on trade and technology between both partners. According to the official press release, “the TTC will provide the political steer and the necessary structure to coordinate approaches and advance technical work.” Ministerial meetings of the TTC are expected to take place at least once a year, with the venue alternating between the EU and India. Currently, the TTC includes three working groups: Strategic technologies, digital governance, and digital connectivity; Green & clean energy technologies; Trade, investment, and resilient value chains. The TTC will be co-chaired on the EU side by Executive Vice-Presidents Margrethe Vestager and Valdis Dombrovskis, and on the Indian side by Subrahmanyam Jaishankar, Minister of External Affairs, Piyush Goyal, Minister of Commerce and Industry, and Ashwini Vaishnaw, Minister of Electronics and Information Technology.