digital products downloads

PM Modi, European Commission President Discuss Deeper Ties With Trade, Technology Pacts

PM Modi, European Commission President Discuss Deeper Ties With Trade, Technology Pacts

In a landmark meeting, Prime Minister Narendra Modi and President of the European Commission Ursula von der Leyen announced a series of strategic agreements spanning trade, technology, security, and sustainability, underscoring the deepening partnership between India and the European Union. The leaders emphasized mutual trust, shared democratic values, and a commitment to global stability.

During the joint press statement, PM Modi highlighted the significance of the EU-India relationship, stating, “Over two decades of strategic partnership between India and the EU is natural and organic, and in its foundation are trust and democratic values.” He also reaffirmed the commitment to finalizing a mutually beneficial Free Trade Agreement (FTA) by the end of the year, an ambitious step that could significantly boost economic ties between the two regions.

President von der Leyen echoed the sentiment, noting that this visit signifies the high priority the EU places on its partnership with India. She poetically linked the timing of the summit to the rare celestial alignment of seven planets, calling it a moment of “growth and transformation” for both Europe and India.

What PM Modi, Von der Leyen Discussed

Both sides pledged to accelerate FTA negotiations, aiming for completion by year-end, while also advancing an investment protection framework and a Geographical Indications (GI) agreement. India and the EU will collaborate on emerging technologies, including artificial intelligence, semiconductors, high-performance computing, and 6G.

A new Green Hydrogen Forum and Offshore Wind Energy Business Summit were announced to drive clean energy initiatives. Morevoer, joint research initiatives will be explored on electric vehicle (EV) batteries, marine plastics, and green hydrogen, with concrete steps to advance the India–Middle East–Europe Economic Corridor (IMEC), envisioned as a key driver of global commerce.

With global geopolitical tensions on the rise, both leaders underscored the importance of security cooperation. PM Modi emphasized India and the EU’s increasing collaboration in cybersecurity, maritime security, and counter-terrorism, calling it a symbol of “mutual trust.”

A major highlight was the EU’s decision to join the Indo-Pacific Oceans Initiative, strengthening collective efforts for stability and prosperity in the region. “Both sides have unanimity regarding the significance of peace, security, stability, and prosperity in the Indo-Pacific,” Modi stated.

Von der Leyen hailed India as a “like-minded friend” and stressed that the EU remains India’s largest trading partner. She called for elevating the EU-India Trade and Technology Council to the “next level” reinforcing the need for trusted supply chains that avoid harmful dependencies.

Recognising India’s prowess in digital innovation, she highlighted Modi’s remarks at the AI-Paris Summit, saying, “You were so right when you said that AI is writing the code of humanity.”

 

Doonited Affiliated: Syndicate News Hunt

This report has been published as part of an auto-generated syndicated wire feed. Except for the headline, the content has not been modified or edited by Doonited

Source link

Uniq Art Store India

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Uttarakhand News Doonited
Social media & sharing icons powered by UltimatelySocial
Instagram
WhatsApp