India, Ireland agree to set up Joint Economic Commission

The JEC is expected to meet once in two years and a formal agreement is expected to be signed later this year.

Harris presented a copy of the Irish government’s action plan to enhance its engagement with India to Jaishankar.

“The establishment of a JEC is a fitting way to progress the increasingly important trade and economic relationship between Ireland and India, following the celebration of 75 years of bilateral relations in 2024,” Harris said in an official release issued by the Irish embassy in New Delhi.

“The JEC, once established, will serve as a vehicle to enhance internal cooperation and coordination and strengthen our likeminded partnership with one of the largest economies in the world, and one with huge potential for increased bilateral trade and investment,” he added.

The announcement of the JEC came days after a visit by the European Union’s College of Commissioners led by European Commission President Ursula von der Leyen, where India and the EU, which Ireland is a member of, agreed to finalise their long pending bilateral trade agreement by the end of this year.

Jaishankar also met Irish President Michael D Higgins.

ALCHEMPro News Desk (DS)