The EU-India Trade and Technology Council (TTC) is a significant partnership for both regions. It marks India’s first initiative of this kind with any country and fits well within the EU’s broader strategy in Asia.

On February 28, 2025, the second ministerial meeting took place in New Delhi. The meeting gathered high-ranking officials, including Henna Virkkunen from the EU and India’s External Affairs Minister, Dr. S. Jaishankar. They discussed vital topics like trade and technology, with a strong emphasis on mutual prosperity and digital cooperation.
In 2023, trade between India and the EU soared to €124 billion, a record high. In addition, services trade reached €60 billion. This growth shows the strength of their economic ties. The TTC is a platform to enhance this partnership further, especially in digital areas.
During the meeting, India and the EU promised to push forward human-centered digital transformation. This includes advancements in artificial intelligence (AI), semiconductors, high-performance computing (HPC), and future tech like 6G. They are also keen on making sure that their digital systems work well together and protect rights such as privacy and intellectual property.
Collaboration in the semiconductor sector was emphasized as vital for supply chain resilience. Furthermore, both sides agreed to strengthen partnerships in AI, particularly on ethical AI and large language models. A highlight was the signing of an agreement between the EU 6G Smart Networks Association and the Indian Bharat 6G Alliance, aiming for secure telecommunications.
The TTC also focuses on sustainability. Both sides aim for net-zero emissions, with the EU targeting 2050 and India aiming for 2070. They are linking startups in each region to innovate in electric vehicle technology and battery recycling. In fact, they are set to launch initiatives under the Horizon Europe program, investing around €60 million in research against climate pollution.
Bilateral trade is booming; in 2023, India and the EU exchanged goods and services totaling €184 billion. As both parties explore a free trade agreement and investment protection agreement, there’s a clear commitment to boosting trade relations. Not only does this secure supply chains, but it also enhances economic stability in these uncertain times.
There’s a growing concern about food security. Thus, the TTC discussed food system sustainability and early warning systems to prevent supply chain issues. Discussions are ongoing about energy, especially in clean energy sectors like solar and offshore wind.
As trust between these two regions deepens, they recognize the importance of working together within the World Trade Organization (WTO), striving for necessary reforms while upholding the multilateral trading system.
This partnership represents a crucial step toward a more interconnected and sustainable future for both the EU and India. For more information, you can explore the EU’s official reports.
Check out this related article: India’s Export Boom: How Piyush Goyal Forecasts $800 Billion in Global Trade, Driven by Service Sector Growth
Source link