This strategic coordination mechanism will enable each companions to deal with challenges on the nexus of commerce, trusted expertise and safety, and thus deepen cooperation in these fields between the EU and India, in response to an announcement by the EU.
Each side agreed that speedy modifications within the geopolitical surroundings spotlight the necessity for joint in-depth strategic engagement. The Commerce and Know-how Council will present the political steer and the mandatory construction to operationalise political selections, coordinate technical work, and report back to the political stage to make sure implementation and follow-up in areas which can be necessary for the sustainable progress of European and Indian economies, in response to the assertion.
The choice to arrange a Commerce and Know-how Council would be the first for India with any of its companions and second for the European Union following the primary one it has arrange with the US. Establishing the EU-India Commerce and Know-how Council is a key step in the direction of a strengthened strategic partnership for the advantage of all peoples within the EU and India.