India and the European Union will hold their first Trade and Technology Council (TTC) Ministerial meeting in Brussels, Belgium on May 16, 2023. The council was established in April 2022 to address challenges at the intersection of trade, technology, and security.
The meeting will be co-chaired by Minister for Commerce and Industry, Piyush Goyal, Minister for External Affairs, Subrahmanyam Jaishankar, and Minister of State for Electronics and IT, Rajeev Chandrasekhar from the Indian side, and Executive Vice Presidents Valdis Dombrovskis and Margrethe Vestager from the EU.
Goyal will attend a meeting on trade, technology, and resilient supply chains with EVP Dombrovskis and six business leaders from the EU and India on May 15, 2023. He will also speak at a business event organized by the Federation of Enterprises in Belgium to discuss Belgian enterprises in India and plans for more investments.
On May 16, Goyal will attend a meeting on digital governance, connectivity, and clean and green energy technologies with eight business leaders from each side. EAM and EVP Vestager will also participate. Later that day, he will meet with European Commissioner for Internal Trade, Thierry Breton, to discuss small and medium-sized businesses, start-ups, and e-commerce.
During the meeting, three working groups will present a report on Strategic technologies, digital governance, and connectivity, Green and clean energy technologies, and Trade, investment, and resilient value chains respectively.
“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,” a statement by the Indian Ministry of Commerce maintained.