Strategic ties between India and European Union

Strategic ties between India and European Union

Team Ambitiousbaba are here with a Current Affairs Special Series. In this series, candidates will be introduced to current affairs topics daily, which will not only improve their general awareness but also will ensure that the candidates do not lack in any current affairs topic. Today’s Current Affairs topic is “Strategic ties between India and European Union”

Prime Minister Narendra Modi and President of the European Commission, Ursula von der Leyen met on official meet on Monday. Both leaders have agreed to set up the strategic EU-India Trade and Technology Council in their meeting.

European Union believes that this strategic coordination mechanism will take into account both partners to tackle challenges at the nexus of trade, trusted technology and security. Thus it will deepen cooperation in these fields between the EU and India.

How it will work?

• Both sides concurred that rapid changes in the geopolitical environment alerted the need for joint in-depth strategic engagement.
• The Trade and Technology Council will offer the political steer and the necessary structure to operationalise political decisions.
• It will coordinate technical work, and report to the political level to ensure implementation and follow-up in areas.
• It would be proved important for the sustainable progress of European and Indian economies.

The decision to establish a Trade and Technology Council is the first for India with any of its partners and second for the European Union. As EU has the first one with the US. This establishment of the EU-India Trade and Technology Council is a key step towards a strengthened strategic partnership for the benefit of all peoples in the EU and India.

European Union:

It is a 27 member countries group for economic and political purposes that are primarily located in Europe. It is an intergovernmental group of 27 Countries.

Founded: 1 November 1993

President of Commission: Ursula Von Der Leyen

Official Languages: 24

Question & Answer:

Q1. With which one India has agreed to set up its first Trade and Technology Council?

Ans. European Union

Q2. Name the leaders who are agreed to set up the strategic EU-India Trade and Technology Council in their meeting.

Ans. PM Narendra Modi from India and Ursula Von Der Leyen form EU

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