India-EU’s first trade and technology summit tomorrow, many topics will be discussed……
Brussels: The first EU-India trade and technology summit, which will take place on Tuesday, will address a number of critical issues. From artificial intelligence to climate change, European Commission officials and Indian senior ministers will attend the summit.
At the same time, everyone is waiting to see if the two groups will come close to the European trade restrictions affecting India. The EU is preparing to impose a special tax on foreign countries selling carbon-intensive products within the EU’s 27 countries. At the summit, it may be clear that this move, which also affects India, will be sufficient to defend the country.
The summit is attended by India’s Foreign Minister S. Jaishankar, Industries Minister Piyush Goyal, and others. Margarethe Vestager and Valdis Dombrovskis, vice presidents of the European Commission, will represent the EU.
The summit’s goal is to strengthen the two sides’ relationship in trade and technical matters. As trade talks heat up, global communication and artificial intelligence control will be hot topics.
The key issue, however, will be the EU’s carbon border adjustment mechanism. Carbon-intensive products shipped from foreign countries, including India, will be subject to a higher tax under the plan, which is set to go into effect in 2026. This has a significant impact on traders in India. At the same time, the EU’s stance of not backing down from this tax is believed to pave the way for a heated discussion between the two parties.
Apart from trade, artificial intelligence, the semiconductor industry, the electric car sector, and waste management will also be key topics at the India-EU Trade and Technology Summit. The EU is attempting to enlist India in the development of future communication systems along Western lines. The joint India-EU effort is expected to overcome China’s unique research and perspectives in this field. While border and trade disputes with China continue, India has yet to clarify its position in many China-EU disputes.
During the discussion, India may seek assistance in developing an open digital platform so that common people can access government services, online shopping, and other services with a single click on their smartphones. This move will test the invincibility of private companies such as Google and Meta in this field. If this is achieved, India will become the world’s most populous country as well as a digital superpower. The European Union is willing to provide technical support to the project known as Indian Stack.
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