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 at Schloss Elmaupicturesque venue of the summit in the south of Germany.
“Prime Minister @narendramodi and President @EU_Commission @vonderleyen held talks on the sidelines of the G-7 Summit. Issues such as stronger trade ties, cooperation to mitigate climate change, emerging technologies and cultural linkages were discussed during the meeting,” the Prime Minister’s Office tweeted.
@EU_Commission President @vonderleyen and I had an outstanding meeting earlier today. We discussed ways to dig deep… https://t.co/DjHfNv8T0P
– Narendra Modi (@narendramodi) 1656349163000
During their talks, Prime Minister Modi and EU Commission The President welcomes the resumption of negotiations on trade, investment and geographical indication agreements, said Foreign Ministry spokesman Arindam Bagchi.
“Effective discussions were held between PM @narendramodi and Chairman @EU_Commission @vonderleyen on the sidelines of the G7. Review of India-EU cooperation in trade, investment, technology and climate action. Welcome to the resumption of negotiations on Trade, Investment and GI Agreements,” Bagchi said on Twitter.
“PM @narendramodi meets the President of @EU_Commission @vonderleyen. The #IndiaEU relationship is shaped by ever-growing bilateral cooperation and partnership,” said India’s Official Public Diplomacy Account, Ministry of External Affairs (MEA) on Twitter.
This was their second meeting within two months after she visited New Delhi in April, her first visit to India as president of the European Commission.
In April, Prime Ministers Modi and von der Leyen announced the creation of the India-EU Trade and Technology Council, a high-level strategic mechanism to address key trade, economic and industrial challenges turmeric.
During the talks, both sides also agreed to establish the India-EU Trade and Technology Council (TTC), a strategic coordination mechanism to tackle challenges in the relationship of trade, industry and industry. reliable technology and security.
India and European Union EU Ambassador to India Ugo Astuto said on April 29 that it was aimed at consolidating comprehensive trade and investment agreements before the start of the election cycle for both sides in 2024.
India is the second country after the US 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 to reach a comprehensive and balanced trade agreement after a gap of more than eight years.
The EU is one of the largest investors in India, accounting for 16% of total investment received during 2015-20 (€83 billion between 2000 and 2021).
The EU says there are 4,500 European companies operating in India, contributing to the creation of more than 1.5 million direct and 5 million indirect jobs in the country.
The Investment Facilitation Mechanism was established in 2017 to facilitate the accession of EU companies proposing to invest in India.
