Page 64 - European Union

EU proposes reforming customs to target online sellers like Amazon, Alibaba

The European Commission's proposal would introduce data-driven systems, streamlining reporting requirements for traders by reducing the time needed to complete import procedures

Look at EU regulations: Jaishankar tells Borrell on import of Russian oil

Responding to Josep Borrell, EU Foreign policy chief's remarks calling for action against Indian refined products from Russian crude, External Affairs Minister S Jaishankar on Tuesday (local time)

1st Trade & Tech Council significant milestone in India-EU ties: Jaishankar

The first meeting of the India-EU Trade and Technology Council (TTC) in Brussels marks a significant milestone in the strategic partnership between India and the European Union due to its focus on critical domains, External Affairs Minister S. Jaishankar said on Tuesday. The meeting, co-chaired on the Indian side by the EAM, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar, covered key focus areas of strategic technologies, digital governance and green energy technologies. The EAM highlighted that India has a crucial role to play in all aspects and also with regard to its impact on the global talent pool. This first meeting of the Trade and Technology Council is a significant milestone in the strategic partnership between India and the European Union, Jaishankar said in his address. We are obviously important partners for each other but what the TTC represents is a focus on key domains that are critical to both the glo

First Trade-Tech meet significant milestone in India-EU ties: Jaishankar

The first meeting of the India-EU Trade and Technology Council (TTC) in Brussels marks a significant milestone in the strategic partnership between India and the European Union due to its focus on critical domains, External Affairs Minister S. Jaishankar said on Tuesday. The meeting, co-chaired on the Indian side by the EAM, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar, covered key focus areas of strategic technologies, digital governance and green energy technologies. The EAM highlighted that India has a crucial role to play in all aspects and also with regard to its impact on the global talent pool. This first meeting of the Trade and Technology Council is a significant milestone in the strategic partnership between India and the European Union, Jaishankar said in his address. We are obviously important partners for each other but what the TTC represents is a focus on key domains that are critical to both the glob

India, European Union talk the ongoing trade deal, market access

India and the EU had in April last year agreed to establish a "Trade and Technology Council", to tackle the challenges at the nexus of trade, trusted technology and security

European Union adopts law banning products which fuel deforestation

The 27 European Union countries have formally adopted new rules that should help the bloc reduce its contribution to global deforestation by regulating the trade in a series of goods. Under the legislation, companies trading palm oil, cattle, wood, coffee, cocoa, rubber and soy will need to verify that the goods they sell in the EU have not led to deforestation and forest degradation anywhere in the world since 2021. The regulation also covers derived products such as chocolate or printed paper. Forests are an important natural means of removing greenhouse gas emissions from the atmosphere, since plants absorb carbon dioxide when they grow. According to the World Resource Institute, a forest area the size of 10 soccer pitches disappears in the world every minute and the EU says that without the new regulation it could be responsible for the loss of 248,000 hectares of deforestation per year a surface almost as large as member country Luxembourg. The law will force companies to sh

EU urged to crack down on imports of Indian fuels made with Russian oil

EU should crack down on India reselling Russian oil as refined fuels including diesel into Europe, blocs diplomat has said, as nations move to tighten sanctions on Moscows, media reported

Italy's public debt crosses $3 trillion for first time: Bank of Italy

The Bank of Italy said that the country's public debt climbed above $3 trillion in the latest reporting period

Energy transition in EU for 2030 climate target is irreversible: Report

The findings show that European laws will set in stone major transformations of the European economy by 2030: Wind and solar power will be the main sources of electricity, accounting for 55%

Microsoft's $69 billion Activision Blizzard deal wins EU's approval

EU antitrust chief Margrethe Vestager on Monday described the deal as 'pro-competitive' and that it would kickstart the cloud streaming market

Govt assessing monetary impact of EU's carbon tariff set to hit in Oct

Sarangi also said that the government hopes to make substantial progress in the India-UK free trade agreement (FTA) in the 10th round of negotiations from 5-9 June in the national capital

European Union's carbon emissions fall in climate boost as economy grows

Emissions in the EU fell by 4% in the fourth quarter compared with a year earlier, according to Eurostat data published Monday. Gross domestic product climbed 1.5% over the same timeframe

Mudrex expands its footprint outside India, launches its platform in Italy

Mudrex CEO Edul Patel said the main reason they chose the EU was that there was more regulatory clarity there as compared to the other regions

G7 and European Union plan to ban restart of Russian gas pipelines

4 Russian military aircraft crash near border with Ukraine

Carbon tariff may hurt European nations more than India: Officials

Govt assessing possible impact of CBAM on India vis a vis other nations

EU imports high-tech products worth euro 482 bn from extra-EU nations

In 2022, the EU imported Euro 482 billion worth of high-tech products from extra-EU countries (+22 per cent compared with 2021), according to an estimate published by Eurostat

USAID chief optimistic on Serbia-Kosovo talks, pledges US support

The United States' top international development official on Friday said Washington is focusing on the urgency of normalising relations between Kosovo and Serbia in EU-brokered talks between the two former war foes. USAID Administrator Samantha Power has been in Kosovo for the past two days, following a three-day visit to Serbia. As the most senior representative of US President Joe Biden to visit Kosovo recently, she said her country's focus now was on the importance of implementation of the agreements that will produce a normalisation that will be incredibly important for Kosovo and for Serbia. Over the two days of her trip, Power visited a local farm and food processing facility. She met with young entrepreneurs at a hub for innovation and also spoke to young peacemakers bridging divides between Kosovo and Serbia. Normalisation is going to be really, really good for business, she said at a news conference. The good that normalisation will do for the young people of this countr

Zelenskyy barred from addressing 'nonpolitical' Eurovision Song Contest

This weekend's Eurovision Song Contest will have Ukrainian flags, Ukrainian musicians and Ukrainian fans but not the country's wartime leader. Organisers rejected a request from President Volodymyr Zelenskyy to make a video address to the final of the pan-continental music competition on Saturday. He was expected to urge the world continue its support for Ukraine's fight to repel Russian invasion. The European Broadcasting Union, which runs Eurovision, said that letting Zelenskyy participate would breach the nonpolitical nature of the event. Zelenskyy's request "to address the audience at the Eurovision Song Contest, whilst made with laudable intentions, regrettably cannot be granted by the European Broadcasting Union management as it would be against the rules of the event, the organization said. Founded in 1956 to help heal a continent shattered by war, Eurovision strives to keep pop and politics separate. Overtly political lyrics, signs and symbols are banned. But politics can

WTO ruling on IT products: Govt seeks to address trade bloc's tariff worry

Issue to be taken up next week's India-EU Trade & Tech Council meet

EU proposes tougher cybersecurity labelling for Amazon, Google, MS

While the new provisions underscore EU concerns of interference from non-EU states, they are likely to spark criticism from US tech giants worried about being shut out from the European market