The European Commission yesterday adopted a joint communication outlining a ‘New Strategic EU-India Agenda' marking a significant milestone in EU-India relations.
The initiative, announced by Commission President von der Leyen in her Political Guidelines for 2024-2029, aims at deepening, broadening and better coordinating bilateral cooperation, enhancing prosperity and security for both partners and helping tackle major global challenges, the Commission said in a release.
The joint communication prioritises maximising interaction and strengthening EU-India coordination at all levels.
It proposes reinforcing supply chains while promoting critical emerging technologies and engagement on digital issues, with particular attention to strengthening economic security within the Trade and Technology Council (TTC).
The new strategy also proposes deepening technology cooperation, including a potential EU-India start-up partnership, and invites India to associate with Horizon Europe programme.
It suggests ambitious initiatives for decarbonisation and clean transition like intensifying cooperation on renewables, developing green hydrogen capabilities and expanding green finance.
The joint communication takes forward the proposed EU-India Security and Defence Partnership. This will enhance strategic consultations and joint initiatives.
It emphasises strengthening regional connectivity initiatives like the India-Middle East-Europe Economic Corridor (IMEC) and advances Global Gateway and EU-India trilateral cooperation with and in third countries. It aims at enhancing cooperation with India in multilateral forums and encouraging India to advance international law, multilateral values and global governance.
Building on the proposals outlined in the joint communication, the EU stands ready to work with India to develop a joint comprehensive strategic agenda that is driven by shared priorities and delivers mutual benefits, the Commission added.
Meanwhile, von der Leyen rang up Prime Minister Narendra Modi to convey warm greetings on the latter’s 75th birthday.
During the conversation, both leaders reaffirmed their commitment for a conclusion of the India-EU FTA negotiations before the end of the year, the Indian Prime Minister’s Office said in a release.
ALCHEMPro News Desk (DS)
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