Elmau (Germany), Jun 27 (PTI): Prime Minister Narendra Modi on Monday met European Fee President Ursula von der Leyen right here and held productive discussions as the 2 leaders reviewed the India-EU cooperation in commerce, funding, expertise and local weather motion, and exchanged views on modern world and regional developments.
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 stated that he had an “excellent assembly” with the European Fee President.
“President @EU_Commission @vonderleyen and I had an excellent assembly earlier at present. We mentioned methods to deepen funding linkages, efforts to fight local weather change, boosting digital cooperation and different essential points,” Modi stated on Twitter.
“PM @narendramodi and President of @EU_Commission @vonderleyen held talks on the sidelines of the G-7 Summit. Points equivalent to stronger commerce ties, cooperation to mitigate local weather change, rising applied sciences and cultural linkages had been mentioned in the course of the assembly,” the Prime Minister’s Workplace tweeted.
Throughout their talks, Prime Minister Modi and the EU Fee President welcomed the resumption of negotiations on the commerce, funding and geographical indication agreements, Ministry of Exterior Affairs Spokesperson Arindam Bagchi stated.
“Productive discussions held between PM @narendramodi & President @EU_Commission @vonderleyen on the margins of G7. Reviewed India-EU cooperation in commerce, funding, expertise, local weather motion. Welcomed resumption of negotiations on the Commerce, Funding and GI Agreements,” Bagchi stated on Twitter.
“PM @narendramodi meets with the President of @EU_Commission @vonderleyen. The #IndiaEU relationship is formed by ever-growing bilateral cooperation and partnership,” the Official Account of India’s Public Diplomacy, Ministry of Exterior Affairs (MEA) stated 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 Fee.
“The Prime Minister recalled President Leyen’s productive go to to Delhi in April 2022 in the course of the Raisina Dialogue. The leaders expressed happiness on the resumption of negotiations on the Commerce, Funding and GI Agreements between India and EU. They reviewed India-EU engagements in varied sectors, together with digital cooperation, local weather motion and expertise & innovation,” the Ministry of Exterior Affairs stated in a press release.
“Each leaders additionally exchanged views on modern world and regional developments,” it added.
In April, Prime Minister Modi and von der Leyen introduced the organising of an India-EU Commerce and Expertise Council, a high-level strategic mechanism to deal with key commerce, financial and technological challenges.
Of their talks, either side additionally agreed to launch the India-EU Commerce and Expertise Council (TTC), a strategic coordination mechanism to deal with challenges on the nexus of commerce, trusted expertise 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 stated on April 29.
India is the second nation after the US to have such a mechanism with the 27-nation European Union.
In Might final yr, India and the European Union (EU) introduced to renew negotiations for a balanced and complete commerce settlement after a niche of over eight years.
The EU is likely 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 stated there are 4,500 European corporations working in India, contributing to the creation of over 1.5 million direct and 5 million oblique jobs within the nation.
The Funding Facilitation Mechanism was established in 2017 to facilitate the entry for EU corporations proposing to spend money on India. PTI CPS AKJ MRJ
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