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Global trade and technology council of India
March 6 , 2023
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- India and the European Union announced setting up of a new Trade and Technology Council (TTC).
- The TTC is a strategic coordination mechanism that will allow both partners to tackle challenges at the nexus of trade, trusted technology and security.
- Under the TTC, three working groups have been established.
- The first working group is on strategic technologies, digital governance and digital connectivity.
- The second one will cover green and clean energy technologies.
- The third working group is on trade, investment and resilient value chains.
- The ministerial meetings of the TTC will take place at least once a year, with the venue alternating between the EU and India.
- It is the second such TTC after the first one with the United States that was firmed up in June 2021.
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