21st meeting of India-Italy Joint Commission for Economic Cooperation

The 21st meeting of the India-Italy Joint Commission for Economic Cooperation (JCEC) was held on 09 July 2021 through virtual medium. Union Minister of Commerce and Industry Piyush Goyal and Italian Minister of Foreign Affairs and International Cooperation Luigi Di Maone jointly chaired the meeting.

In the meeting, both sides discussed bilateral trade and investment and economic cooperation in the areas of food processing, textiles, leather, railways, promotion of start-ups and small and medium enterprises (SMEs), which play an important role in economic growth and employment generation. discussed extensively. Issues related to access to bilateral markets and non-tariff barriers were also discussed to facilitate trade and investment. Progress on the outcome of the India-EU Leaders’ Summit held in Porto, Portugal was also reviewed.
The Indian side also raised the issues of mutual recognition and removal of travel restrictions, longer duration of business visas and portability of social security benefits for Indians working in Italy.

Following the India-Italy JCECG 2G meeting, a G2B meeting focused on energy sharing was held in the presence of both the ministers through virtual mode. During this meeting, three Indian companies (Indian Oil Corporation, Adani Solar, Renew Power) and three Italian companies (Enel Green Power, Snam, Maire Technimont) discussed renewable energy for green economy, clean technology and grid-based multi-energy systems. Made his presentations focused on promoting the use of During the meeting, the two Ministers reiterated the vision set by the Prime Ministers of India and Italy under the Action Plan adopted on November 6, 2020, to promote the energy transition, leverage technology and climate partnership . They underlined the leading role played by India and Italy in multilateral fora as early adopters of the ambitious Clean Energy Goals, and discussed the potential for synergy between the two countries, both private and public, with the aim of enhancing mutual energy capabilities. regions invited.