21st Session of the India-Italy Joint Commission for Economic Cooperation – India Education | Latest Education News | Global education news

New Delhi: The 21st session of the India-Italy Joint Commission for Economic Cooperation (JCEC) was held virtually on July 9, 2021. Mr. Piyush Goyal, Minister of Trade and Industry and Mr. Luigi Di Maio, Minister of Foreign Affairs and International Cooperation of Italy co-chaired the session.

The two sides had in-depth discussions on bilateral trade and investment and economic cooperation in the fields of food processing, textiles, leather, railways, start-ups and promotion SMEs that play a crucial role in economic growth and job creation. Bilateral market access issues and non-tariff barriers were also discussed to facilitate trade and investment. Progress on the outcome of the India-EU Leaders’ Summit in Porto, Portugal was also reviewed.

The Indian side also raised the issues of mutual recognition of COWIN vaccine certificate and opening of travel restrictions, longer duration of business visas and portability of social security benefits for Indians working in Italy.

Following the India-Italy meeting of JCEC G2G, a G2B session focused on energy partnership was held virtually in the presence of the two ministers. During the meeting, 3 Indian companies (Indian Oil Corporation, Adani Solar, ReNew Power) and 3 Italian companies (Enel Green Power, Snam, Maire Tecnimont) made presentations focused on the fields of green economy, technologies cleanliness and the promotion of the use of renewable energies. energy for multi-energy grid-based systems. During the session, the two ministers reiterated the vision defined by the Prime Ministers of India and Italy, as part of the action plan adopted on November 6, 2020, to promote the energy transition, by drawing based on technological and climate partnerships. They highlighted the pioneering role played by India and Italy in multilateral forums as early adopters of ambitious clean energy goals and called on the private and public sectors of both countries to explore options. synergies to further strengthen their mutual energy capacities.

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