Prime Minister Narendra Modi on Monday met European Commission President Ursula von der Leyen right here and held productive discussions as the 2 leaders reviewed the India-EU cooperation in commerce, funding, know-how and local weather motion.
Prime Minister Modi, who’s in Germany on a two-day go to from Sunday for the summit of the G7, met von der Leyen on the sidelines of the G7 Summit at Schloss Elmau, the picturesque venue of the summit in southern Germany.
He mentioned that he had an “outstanding meeting” with the European Commission President.
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“President @EU_Commission @vonderleyen and I had an outstanding meeting earlier today. We discussed ways to deepen investment linkages, efforts to combat climate change, boosting digital cooperation and other important issues,” Modi mentioned on Twitter.
President @EU_Commission @vonderleyen and I had an impressive assembly earlier at present. We mentioned methods to deepen funding linkages, efforts to fight local weather change, boosting digital cooperation and different essential points. pic.twitter.com/dDpbMBlWHw
— Narendra Modi (@narendramodi) June 27, 2022
“PM @narendramodi and President of @EU_Commission @vonderleyen held talks on the sidelines of the G-7 Summit. Issues such as stronger trade ties, cooperation to mitigate climate change, emerging technologies and cultural linkages were discussed during the meeting,” the Prime Minister’s Office tweeted.
PM @narendramodi and President of @EU_Commission @vonderleyen held talks on the sidelines of the G-7 Summit. Issues similar to stronger commerce ties, cooperation to mitigate local weather change, rising applied sciences and cultural linkages have been mentioned in the course of the assembly. pic.twitter.com/v5V6IMUJij
— PMO India (@PMOIndia) June 27, 2022
During their talks, Prime Minister Modi and the EU Commission President welcomed the resumption of negotiations on the commerce, funding and geographical indication agreements, Ministry of External Affairs Spokesperson Arindam Bagchi mentioned.
“Productive discussions held between PM @narendramodi & President @EU_Commission @vonderleyen on the margins of G7. Reviewed India-EU cooperation in trade, investment, technology, climate action. Welcomed resumption of negotiations on the Trade, Investment and GI Agreements,” Bagchi mentioned on Twitter.
Productive discussions held between PM @narendramodi & President @EU_Commission @vonderleyen on the margins of G7.
Reviewed India-EU cooperation in commerce, funding, know-how, local weather motion. Welcomed resumption of negotiations on the Trade, Investment and GI Agreements. pic.twitter.com/fLMrOp8aJh
— Arindam Bagchi (@MEAIndia) June 27, 2022
“PM @narendramodi meets with the President of @EU_Commission @vonderleyen. The #IndiaEU relationship is shaped by ever-growing bilateral cooperation and partnership,” the Official Account of India’s Public Diplomacy, Ministry of External Affairs (MEA) mentioned on Twitter.
This was their second assembly in two months after she visited New Delhi in April, her first go to to India because the president of the European Commission.
In April, Prime Minister Modi and von der Leyen introduced the establishing of an India-EU Trade and Technology Council, a high-level strategic mechanism to sort out key commerce, financial and technological challenges.
In their talks, either side additionally agreed to launch the India-EU Trade and Technology Council (TTC), a strategic coordination mechanism to sort out challenges on the nexus of commerce, trusted know-how and safety.
India and the European Union are eyeing to agency up the excellent commerce and funding agreements earlier than the graduation of the electoral cycles on either side in 2024, EU Ambassador to India Ugo Astuto mentioned on April 29.
India is the second nation after the US to have such a mechanism with the 27-nation European Union.
In May final yr, India and the European Union (EU) introduced to renew negotiations for a balanced and complete commerce settlement after a spot of over eight years.
The EU is without doubt one of the largest buyers in India, accounting for 16 per cent of complete investments acquired between 2015-20 (83 billion euro between 2000 and 2021).
The EU mentioned there are 4,500 European firms working in India, contributing to the creation of over 1.5 million direct and 5 million oblique jobs within the nation.
The Investment Facilitation Mechanism was established in 2017 to facilitate the entry for EU firms proposing to spend money on India.
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