April 14, 2023
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Economic cooperation agreements expand sectoral collaboration and commit to resolving market access issues through bilateral consultations.
The co chairs emphasised enhanced bilateral economic engagement and identified priority sectors for cooperation-notably Renewable Energy, Civil Aviation (automation, surveillance, NavAids), High Speed Rail, Shipping and Ports, Infrastructure, Pharmaceuticals, Technology, Innovation, and Defence. They reviewed legal instruments including MOUs on Migration and Mobility, an Agreement on Social Security, and Cyber Security cooperation, and agreed to resolve exporters' Market Access Issues through bilateral discussions, while seeking progress on India EU Free Trade Agreement negotiations during the upcoming Spanish EU Presidency.