India-EU Trade Economic and Technological cooperation
For India, EU is the largest trading partner with a two-way trade in goods of over € 6o billion. With a view to further enhance and strengthen the trade relationship, India and EU are actively negotiating an ambitious Broad-based Trade and Investment Agreement (BTIA). Seven rounds of negotiations have been completed so far. In 2008 total Indian Exports to the EU was € 29.41 billion. Total Indian Imports from the EU was € 31.51 billion. India-EU Trade in Services for 2008 was as following: Total Indian Exports to the EU was € 7.42 billion; Total Indian Imports from the EU was € 8.97 billion. India and the EU have a broad spectrum of cooperation.
Pharmaceuticals and Bio-Technology:
There is a Joint Working Group on Pharmaceuticals and Biotechnology which meets regularly to discuss various areas of mutual interest and bilateral cooperation. The last meeting was held in Delhi on 22-23 Sept 2009.
Finance & Monetary Affairs:
Both sides have set up an EU-India Macro-Economic Dialogue, the last meeting of which was held in New Delhi on 30 October 2009. It is headed by Finance Secretary on the Indian side and DG, ECOFIN on the EC side.
There is a Joint Working Group on Environment which meets regularly to discuss various areas of mutual interest and bilateral cooperation.
Information & Communication Technology:
There is a Joint Working Group on Information & Communication Technology which meets regularly. The last meeting took place on 28 March 2009 in Brussels and discussed cooperation in the areas of e-government, e-health and e-security.
(i) Civil Aviation:
India and EU signed the Horizontal Civil Aviation Agreement during the India-EU Summit meeting at Marseille in September 2008. Both sides signed the new Civil Aviation Cooperation Programme in December 2008, where activities will soon be launched on areas such as safety, security, Air Traffic Management, environment etc.
(ii) Maritime Transport:
India and EU are currently negotiating a maritime agreement. The next round is expected to take place shortly in Delhi.
Agriculture and Marine Working Group:
There is a Joint Working Group on Pharmaceuticals and Biotechnology which meets regularly to discuss various areas of mutual interest. The last meeting was held in Delhi on 14 October 2009.
The two sides meet regularly in the forum, namely, Joint Customs Cooperation Committee (JCCC). India and EU signed the Customs Cooperation and Mutual Administrative Assistance Agreement.
Employment and Social Policy:
The active cooperation in this field takes place in the form of Annual Seminars to discuss key issues of mutual interest.
a. Renewable Energy / Energy Efficiency
b. Coal/Clean Coal Technology
d. Petroleum/Natural Gas.
Science and Technology:
India and EU have signed an agreement for cooperation in the field of S&T in the year 2001. A Steering Committee has been set up to facilitate bilateral discussions and cooperation. The Committee is headed by Secretary (S&T) on the Indian side and DG Research on the EC side. Pursuant to the scope of current India-EU S&T Cooperation Agreement, first India-EU Call for Proposals in Computational Materials Science was finalised in 2008. The second India-EU Call for Proposals in Solar Energy System has been announced in EU and India in July/ August 2009 by the Research Directorate of EC and Department of Science and Technology from Government of India with an indicative budget allocation of € 5 million from EC and Rupee equivalent from India (DST) as the matching grant.