Prime Minister Modi meets with European Commission Prez Ursula von der Leyen in Germany



ELMAU: Prime Minister Narendra Fashion met on Monday with the President of the European Commission, Ursula by last Leyen here and had productive discussions as the two leaders reviewed India-EU cooperation on trade, investment, technology and climate action.

Prime Minister Modi, who is in Germany for a two-day visit from Sunday for the G7 summit, met von der Leyen on the sidelines of the G7 summit in Elmau Castlethe scenic summit location in southern Germany.
“Prime Minister @narendramodi and @EU_Commission President @vonderleyen held talks on the sidelines of the G-7 Summit. Issues such as strengthening trade ties, cooperation to mitigate climate change, emerging technologies and cultural ties were discussed at the meeting,” the Prime Minister’s Office tweeted.

During their talks, Prime Minister Modi and the President of the European Commission welcomed the resumption of negotiations on trade, investment and geographical indication agreements, the spokesperson for the Ministry of Foreign Affairs said. exteriors, Arindam Bagchi.
“Productive discussions took place between Prime Minister @narendramodi and @EU_Commission President @vonderleyen on the sidelines of the G7 Review of India-EU cooperation in trade, investment, technology and climate action. Welcomed the resumption of negotiations on trade, investment and geographical indications agreements,” Bagchi said on Twitter.
“Prime Minister @narendramodi meets @EU_Commission Chairman @vonderleyen. The #IndiaEU relationship is shaped by ever-increasing bilateral cooperation and partnership,” said India’s official public diplomacy account, Ministry of External Affairs (MEA) on Twitter.

It was their second meeting in two months after her visit to New Delhi in April, her first visit to India as President of the European Commission.
In April, Prime Minister Modi and von der Leyen announced the establishment of an India-EU Trade and Technology Council, a high-level strategic mechanism to address key trade, economic and technological challenges.
During their talks, the two sides also agreed to launch the India-EU Trade and Technology Council (TTC), a strategic coordination mechanism to address challenges related to trade, trusted technology and security. .
India and the European Union plan to consolidate comprehensive trade and investment agreements before the start of election cycles on both sides in 2024, EU Ambassador to India Ugo Astuto said on April 29. .

India is the second country after the United States to have such a mechanism with the 27-nation European Union.
In May last year, India and the European Union (EU) announced the resumption of negotiations for a balanced and comprehensive trade agreement after a hiatus of more than eight years.
The EU is one of the largest investors in India, accounting for 16% of total investments received between 2015 and 2020 (83 billion euros between 2000 and 2021).
The EU said that 4,500 European companies operate in India, contributing to the creation of more than 1.5 million direct jobs and 5 million indirect jobs in the country.
The Investment Facilitation Facility was established in 2017 to facilitate the entry of EU companies offering to invest in India.


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