Speaking at the time, EU commissioner for trade Valdis Dombrovskis said the bloc will step up enforcement and even “resort to sanctions” if key labour and climate commitments are not met…reports Asian Lite News
Following the resumption of discussions after a break of nearly a decade, Indian and European Union (EU) negotiators working on a free trade agreement (FTA) are seeking to forge convergence on complex issues such as digital trade, data protection and sustainable development.
The two sides recently began negotiations on three parallel tracks – trade, investment protection, and geographical indications – after earlier talks spanning six years on a bilateral trade and investment agreement were suspended in 2013. They have set an ambitious timeline of concluding the negotiations by 2023, especially since the 27-nation bloc’s other FTAs have usually taken several years to conclude.
At the negotiations held in New Delhi from June 27-July 1, the focus was primarily on finding convergence and better understanding of each other’s sensitivities in order to achieve the ambitious goal of liberalising 94% of trade in goods, the people said. In a first for India, the proposed FTA will include a chapter linking trade and sustainable development, they said.
The investment protection agreement was separated from the FTA because of requirements of the regulatory framework within the EU. While an FTA can be approved by the European Parliament, investment protection pacts require ratification by the European Parliament and parliaments of member states.
The link between trade and sustainable development, already part of a FTA finalised by the EU and New Zealand last month, was unveiled by the European Commission in June as part of measures to make the bloc’s trade greener and more sustainable. This is also part of a plan to enhance the contribution of EU trade pacts in protecting climate, environment and labour rights.
Speaking at the time, EU commissioner for trade Valdis Dombrovskis said the bloc will step up enforcement and even “resort to sanctions” if key labour and climate commitments are not met.
Other complex issues between the two sides include agricultural subsidies, which are always a sensitive matter for India, and a fair system of arbitration. During the first round, most of the 52 technical sessions centred around 18 text proposals from the EU side, including on matters such as intellectual property, competition, transparency, rules of origin, and sanitary and phytosanitary measures. There were also seven sessions on investment protection and geographical indications.
The Indian side announced it will table its own text proposals, including possible alternative chapters, before the second round of negotiations in Brussels from October 3-7.
The commerce ministry didn’t respond to an emailed query on the negotiations.
India-EU merchandise trade registered an all-time high value of $116.36 billion during 2021-22, with a year-on-year growth of 43.5%
The resumption of negotiations is significant as India-EU trade talks were halted in 2013 because of differences on key issues such as the movement of Indian professionals and high tariffs on European farm produce.
The Indian side, at the first round of negotiations, was led by chief negotiator Nidhi Mani Tripathi, who is the joint secretary in the department of commerce. The EU side was led by its chief negotiator Christophe Kiener.
The EU is India’s second largest trading partner after the US. India-EU merchandise trade registered an all-time high value of $116.36 billion during 2021-22, with a year-on-year growth of 43.5%. India’s exports to the EU, with a trade surplus, jumped 57% in 2021-22 to $65 billion.
Germany’s industrial production in April grew by a mere 0.7 per cent after suffering a decline of 3.7 per cent in March. In May it grew by 0.2 per cent as per Trading Economics data…reports Asian Lite News
For many in Germany, a warm water bath could soon become a luxury. One of the country’s main port cities, Hamburg, has already warned its citizens that it may have to resort to rationing hot water as the energy crisis intensified. The going for Germany, Europe’s largest economy will get tougher as sanction-hit Russia has decided to weaponise energy. Not only will the citizens have to brace for a cold and dark winter after Moscow choked supplies, its industry-driven by manufacturing — is also staring at uncertainty. Though just a month ago Germany’s central bank Deutsche Bundesbank in its report drastically slashed GDP growth projections for this year to 1.9 per cent from the earlier estimated 4.2 per cent, many observers opine that actually the country could slip into a recession.
“The problem is deeper than what is being anticipated or projected. The country is likely to actually slip into recession with this acute energy shortage. This would also impact growth in the European Union,” an analyst said.
Investment bank and financial services major, UBS in its report, said that Germany’s economy is already suffering as its manufacturing industry grapples with supply chains disrupted by the pandemic and the war in Ukraine. “If its struggling economy is pulled down further by a full-blown energy shortage crisis, it could shake other eurozone countries too, including Italy, France, Poland, and Spain,” it read.
German industry, which was reeling under pressure with choking of supply chain network driven by the lockdowns imposed in several parts of China in April, is now battling acute energy shortage.
Germany’s industrial production in April grew by a mere 0.7 per cent after suffering a decline of 3.7 per cent in March. In May it grew by 0.2 per cent as per Trading Economics data.
According to the German Zentrum fer Europeische Wirtschaftsforschung (ZEW) Economic Sentiment Index that assesses a six-month economic outlook, sentiments in July fell to a steep -53.8 in July from -20.8 in June.
Any reading above zero is an indication of optimism and below reflects pessimism. The survey is based on about 350 German institutional investors and analysts.
The country’s central bank also noted that the uncertainty about future economic developments is exceptionally high due to the Russia-Ukraine war.
Nord Stream 1, Europe’s key gas pipeline has been shut down for 10 days for maintenance at a time when the continent is already reeling under shortage. Nord Stream 1 and 2 are natural gas pipelines, running through the Baltic Sea that are critical for securing energy security in Europe.
“From 11 to 21 July 2022, Nord Stream AG will temporarily shut down both lines of its gas pipeline system for routine maintenance works inclusive testing of mechanical elements and automation systems for ensuring reliable, safe, and efficient pipeline operations,” a statement issued said.
The driver can override the latter two functions, the EU said, by pushing slightly harder on the gas pedal, the report said…reports Asian Lite News
New cars in the European Union (EU) are now required to come fitted with anti-speeding technology called intelligent speed assistance, or ISA, as part of an EU regulation that went into effect last week.
Under the regulation, auto manufacturers must implement one of several ISA tech options that will kick into gear when a driver goes over the speed limit, reports CNET.
The car can alert the driver with a visual warning followed by an acoustic or vibrating warning; the gas pedal can gently push back on the driver’s foot, or the car can automatically reduce speed.
The driver can override the latter two functions, the EU said, by pushing slightly harder on the gas pedal, the report said.
“The objective is to protect Europeans against traffic accidents, poor air quality and climate change, empower them with new mobility solutions that match their changing needs, and defend the competitiveness of European industry,” the European Commission was quoted as saying.
Some vehicles already include warnings for speeding, but the driver must manually set them up. The EU regulation requires the tech to work automatically.
The nonprofit European Transport Safety Council (ETSC), which advocates for road safety measures in the EU, said it welcomes the new regulation but that the minimum standard of a beeping sound is annoying to drivers and inadequate for safety.
Also, ETSC said, cars could gather inaccurate speed information if they are equipped with systems that determine speed limits only by using cameras to analyse signage and lack a digital map of speed limits.
The negotiations were launched in Brussels by Minister for Commerce & Industry Piyush Goyal and European Commission’s Executive Vice President Valdis Dombrovskis at Brussels…reports Asian Lite News
India and the European Union concluded the first round of talks for the proposed Free Trade Agreement (FTA) in New Delhi on Friday.
The next round of talks for the India-EU Trade and Investment Agreements, including the Geographical Indicators (GI), is scheduled at Brussels in September, the Union Ministry of Commerce and Industry said on Saturday.
Fifty-two technical sessions spanning 18 FTA policy areas, as well as 7 sessions on investment protection and GIs, were held during this round, the ministry said.
Chief Negotiator Nidhi Mani Tripathi, Joint Secretary, Department of Commerce, headed the FTA discussions for India, while, on the other hand, Chief Negotiator Christophe Kiener represented the European Union.
Some of the teams met in Delhi for the week-long discussions, which were conducted in a hybrid mode with the majority of the officials engaging virtually.
On June 17, India and the 27-nation EU had resumed negotiations after a gap of over eight years on the proposed agreements on trade, investments and Geographical Indications (GI).
The negotiations were launched in Brussels by Minister for Commerce & Industry Piyush Goyal and European Commission’s Executive Vice President Valdis Dombrovskis at Brussels.
India and the EU conducted bilateral commerce of 116.36 billion USD in 2021–22. Despite the global disruptions, bilateral commerce grew at a remarkable rate of 43.5% in 2021–22. At the moment, the EU is India’s second-largest commercial partner after the United States, as well as the second-largest market for Indian exports.
In addition to safeguarding value chains, the trade deal with the EU would assist India in further growing and diversifying its exports of products and services. Both parties desire broad-based, balanced, all-encompassing trade talks built on the values of reciprocity and fairness.
Von der Leyen added that Ukraine should appoint new heads for the Specialised Anti-Corruption Prosecutor’s Office and National Anti-Corruption Bureau as soon as possible…reports Asian Lite News
Ukraine’s bid to join the European Union (EU) is “within reach” but requires “hard work, determination and above all unity of purpose,” European Commission President Ursula von der Leyen said.
Addressing the Ukrainian parliament through a video link, she added on Friday that the path towards EU membership required reforms in many areas, including tackling corruption. She also took note of the steps Ukraine had already taken in this direction.
“You have created an impressive anti-corruption machine. But now these institutions need teeth, and the right people in senior posts,” she said.
Von der Leyen added that Ukraine should appoint new heads for the Specialised Anti-Corruption Prosecutor’s Office and National Anti-Corruption Bureau as soon as possible.
She also highlighted the need to reform Ukraine’s constitutional court, which requires legislation outlining selection procedures for judges in line with the recommendations of the Venice Commission.
“Many of the laws and institutions you need are already in place. Now is the time to translate rules and bodies into positive and enduring change,” she said.
Von der Leyen was addressing the Ukrainian parliament following the approval of Ukraine and Moldova as candidates for EU membership on June 23.
Ukraine applied for EU membership shortly after the conflict with Russia had begun at the end of February. The country handed over its application on February 28, while Moldova applied for EU membership on March 3.
The European Commission chief said the path towards EU membership required reforms in many areas including tackling corruption, reports Asian Lite News
Ukraine’s bid to join the European Union (EU) is “within reach” but requires “hard work, determination and above all unity of purpose,” European Commission President Ursula von der Leyen said on Friday.
Addressing the Ukrainian parliament via video link, she said the path towards EU membership required reforms in many areas including tackling corruption. She also took note of the steps Ukraine had already taken in this direction.
“You have created an impressive anti-corruption machine. But now these institutions need teeth, and the right people in senior posts,” she said.
Von der Leyen said Ukraine should appoint new heads for the Specialized Anti-Corruption Prosecutor’s Office and National Anti-Corruption Bureau as soon as possible.
She also highlighted the need to reform Ukraine’s constitutional court, which requires legislation outlining selection procedures for judges, in line with the recommendations of the Venice Commission.
“Many of the laws and institutions you need are already in place. Now is the time to translate rules and bodies into positive and enduring change,” she said.
Von der Leyen was addressing the Ukrainian parliament following the approval of Ukraine and Moldova as candidates for EU membership on June 23.
Ukraine applied for EU membership shortly after the conflict with Russia had begun at the end of February. The country handed over its application on Feb. 28, while Moldova applied for EU membership on March 3. (ANI/Xinhua)
The deal delivers tangible gains for exporters into a restrictive agricultural market. It cuts costs and red tape for exporters and opens up new high-value market opportunities…reports Asian Lite News
New Zealand and the European Union (EU) have concluded negotiations on a major free trade agreement (FTA), which covers market access into 27 European countries and removes duties on the majority of products New Zealand exports.
“Our EU-NZ FTA is expected to increase the value of New Zealand’s exports to the EU by up to NZ$1.8 billion ($1.12 billion) per year from 2035,” New Zealand Prime Minister Jacinda Ardern said on Friday after the FTA signing in Brussels.
“It’s a strategically important and economically beneficial deal that comes at a crucial time in our export-led COVID-19 recovery,” she said in a statement.
The deal delivers tangible gains for exporters into a restrictive agricultural market. It cuts costs and red tape for exporters and opens up new high-value market opportunities, Xinhua news agency reported citing the Prime Minister as saying.
This is the fifth FTA New Zealand has concluded in the past five years and sits alongside upgrades to the existing agreements with China and Singapore, she said, adding that the increase in market access means 73.5 per cent of New Zealand’s global exports are now covered by an FTA, up from around 50 per cent five years ago.
🇪🇺🇳🇿 The EU and New Zealand may be on the other side of the world to each other.
But we are so close, in our values and in our goals.
And today, we are making our partnership stronger than ever concluding the negotiations of our Free Trade Agreement. https://t.co/e4Ta7LPP3X
The deal provides duty-free access on 97 per cent of the New Zealand’s existing goods trade to the EU within seven years, 91 per cent from day one, said New Zealand Trade and Export Growth Minister Damien O’Connor.
However, the meat and dairy industries, two of New Zealand’s major export sectors, were disappointed as their gains in the trade deal were very limited.
The EU is New Zealand’s fourth-largest trading partner with two-way goods and services trade worth NZ$17.5 billion.
PM Modi attended the summit along with leaders of Argentina, Indonesia, Senegal and South Africa, as five invitees to the summit….reports Asian Lite News
Prime Minister Narendra Modi on Monday met with French President Emmanuel Macron at Schloss Elmau in Germany, on the sidelines of the Group of Seven (G7) Summit.
The meeting between PM Modi and President Macron came a month after the two leaders met in Paris.
“A strategic partnership for the ages between India and France, led by two leaders PM @narendramodi and President @EmmanuelMacron with great belief in the value of this partnership for a better world. Meeting in Germany after their May meeting in Paris,” said Jawed Ashraf, Ambassador of India to France and Monaco.
PM Modi attended the summit along with leaders of Argentina, Indonesia, Senegal and South Africa, as five invitees to the summit.
“Friendship at the highest level: President @EmmanuelMacron and Prime Minister @narendramodi at a crucial #G7 summit for collective decisions on global challenges and world stability,” said French envoy to India Emmanuel Lenain.
India and France have traditionally close and friendly relations.
The areas of Defence and Security cooperation, Space cooperation and Civil nuclear cooperation constitute the principal pillars of our Strategic Partnership with France.
India and France are increasingly engaged in new areas of cooperation like security in the Indian Ocean region, climate change including the International Solar Alliance, and sustainable growth and development among others.
India and France share a close degree of convergence on a range of regional and global issues. In the economic domain, while there exists vast potential, French economic capacities, its business and industry, its capital and technologies have forged linkages with Indian economy and India’s developmental goals.
Modi meets Indonesian President Joko Widodo
On the sidelines of the G7 Summit on Monday, Prime Minister Narendra Modi held talks with Indonesian President Joko Widodo to strengthen the Comprehensive Strategic Partnership between both countries.
“PM @narendramodi and President @jokowi had a productive meeting. Their talks will add strength to the Comprehensive Strategic Partnership between India and Indonesia,”The office of the Prime Minister said today.
“Both leaders also discussed ways to boost connectivity and business linkages,” it added.
Indonesia is the first country with which India has adopted a shared vision of maritime cooperation in the Indo-Pacific.
A Comprehensive Strategic Partnership was established in May 2018 during PM Modi’s visit to Indonesia. President Widodo was among one of the Chief Guests invited for India’s Republic Day celebrations in Delhi in
Both leaders last met on the sidelines of the G20 Rome Summit in 2021. Indonesia is the second-largest trading partner of India in ASEAN region. The Bilateral trade of over USD 26 billion between 2020 to 2021. India and Indonesia also share cultural civilizational linkages.
The 9th century Borobudur Buddhist temple and Prambanan Shiva temple are examples of the shared cultural heritage.
Ramayana and Mahabharata are key inspirations for Indonesian folk art. Around 8,500 Indians in Indonesia engaged in qualified professions like Chartered Accountants, Software Professionals, Teachers, Engineers.
Prime Minister Modi is attending this year’s summit being held under the German Presidency. India is among the five partner countries invited to attend the G7 Summit.
With Germany’s Olaf Scholz
Prime Minister Narendra Modi on Monday held a bilateral meeting with German Chancellor Olaf Scholz on the sidelines of the Group of Seven (G7) summit at Schloss Elmau in Germany and deliberated on areas of cooperation including commerce and energy.
“Excellent meeting with @Bundeskanzler Scholz. Thanked him for the warm hospitality during the @G7 Summit. We discussed cooperation in key sectors like commerce and energy. We also had deliberations on furthering environmentally friendly growth for our planet,” PM Modi tweeted.
The leaders of the G7 nations, along with Prime Minister Narendra Modi, on Monday held discussions on the impact of Russia’s war on food and energy supplies including the global economy and said the bloc is determined to support Ukraine in producing and exporting grain, oil, and other agricultural products as well as to address the causes of the evolving global food crisis.
On Sunday the Chancellor welcomed the heads of state and government of the G7 to the summit under the German presidency.
“We are united by our view of the world. We are also united by our belief in democracy and the rule of law,” said Chancellor Scholz at the beginning of the summit.
In a first working session on Sunday, the heads of state and government of the G7 discussed global economic issues.
“All G7 countries are concerned about the crises that are currently to be overcome — falling growth rates in some countries, rising inflation, shortages of raw materials and disruption to supply chains. These are no small challenges and it is therefore important to share responsibility,” said Scholz.
India and Germany established a strategic partnership in 2000. In 2011, the two countries launched Inter-Governmental Consultations (IGC), for a comprehensive review of the cooperation and identification of new areas of engagement between the two countries. The heads of governments of both countries along with multiple ministers from both sides participated in IGC.
Notably, India is among a select group of countries with which Germany has such a unique biennial dialogue mechanism for the government of both countries to coordinate across a spectrum of bilateral matters.
in May 2022, the two countries held the 6th IGC with the intent of establishing a Green and Sustainable Development Partnership.
During the IGC, the two countries agreed to develop the Indo-German Green Hydrogen Taskforce and established Indo-German Renewable Energy Partnership focusing on innovative solar energy and other renewables.
Besides, the two nations decided to establish lighthouse cooperation on Agroecology and Sustainable Management of Natural Resources to benefit the rural populations and small-scale farmers in India. They also decided upon ways to deepen cooperation in restoring forest landscapes and sustainable use of green technologies.
Speaking of the economic ties, Germany is India’s largest trading partner in Europe. The two countries had a bilateral trade worth USD 24.84 billion in 2021-22. Germany is also one of the largest Foreign Direct Investment sources for India with total a total FDI of over USD 13 billion between April 2000-March 2022.
Over 1,700 German companies operate in India and more than 213 Indian companies operate in Germany.
PM Modi arrived in Munich on Sunday to attend the G7 summit where he will hold meetings with G7 and partner countries to hold discussions on issues ranging from environment and energy to counter-terrorism.
On reaching Germany, the Prime Minister interacted with the Indian community in Germany at the Audi Dome, Munich. Thousands of members of the vibrant Indian community in Germany participated in the event.
He highlighted India’s growth story and mentioned various initiatives undertaken by the government to further achieve the country’s development agenda. He also lauded the contribution of the diaspora in promoting India’s success story and acting as brand ambassadors for India’s success.
In his address to the Indian diaspora, PM Modi said, “Today’s India has come out of the mentality of ‘it happens, it runs like this’. Today India takes a pledge to have to do, have to do, and have to do on time,” he said.
Modi holds talks with EU chief
Prime Minister Narendra Modi met with President of the European Commission Ursula von der Leyen on Monday and held productive discussions on the sidelines of the Group of Seven (G7) Summit.
Both leaders reviewed India-EU cooperation in trade, investment, climate action and welcomed the resumption of negotiations on the Trade, Investment and GI Agreements.
“Productive discussions held between PM @narendramodi and President @EU_Commission @vonderleyen on the margins of G7. Reviewed India-EU cooperation in trade, investment, technology, and climate action. Welcomed resumption of negotiations on the Trade, Investment and GI Agreements,” the Ministry of External Affairs (MEA) tweeted.
The Prime Minister held an “outstanding” meeting with the EU chief during which they discussed important issues including efforts to combat climate change and ways to boost digital cooperation.
“President @EU_Commission @vonderleyen and I had an outstanding meeting earlier today. We discussed ways to deepen investment linkages, efforts to combat climate change, boosting digital cooperation and other important issues,” PM Modi tweeted.
Earlier, PM Modi and President von der Leyen agreed to launch the India-EU Trade and Technology Council at their meeting in New Delhi on April 25.
During the bilateral talks, both sides reviewed the progress in , implementing the India-EU Roadmap 2025 and the outcomes of the India-EU Leaders’ Meeting in May 2021.
Modi, Trudeau discuss bolstering trade ties
Prime Minister Narendra Modi met with his Canadian counterpart Justin Trudeau and agreed to expand trade and economic linkages as the two leaders took stock of India-Canada relations.
“Useful exchange between PM @narendramodi and Canadian PM @JustinTrudeau at Schloss Elmau. Leaders discussed bilateral ties and agreed to expand trade and economic linkages, cooperation in security and counter-terrorism, as well as P2P ties,” the Ministry of External Affairs (MEA) said.
The Prime Minister’s Office (PMO) said both leaders took stock of the India-Canada friendship and discussed ways to further strengthen it across various sectors.
“Prime Ministers @narendramodi and @JustinTrudeau meet on the sidelines of the G-7 Summit in Germany. They took stock of the India-Canada friendship and discussed ways to further strengthen it across various sectors,” PMO tweeted.
This is the first meeting following the diplomatic row over the Canadian PM’s remarks on farm laws protests in New Delhi. India had taken up this matter with the Canadian authorities and conveyed that the comments pertaining to the internal affairs of India were unwarranted and would damage bilateral relations.
This is their first meeting after Trudeau’s 2018 India visit.
Back in September 2021, the Prime Minister congratulated Trudeau on his victory in the elections.
In a tweet, the Prime Minister said, “Congratulations Prime Minister @JustinTrudeau on your victory in the elections! I look forward to continue working with you to further strengthen India-Canada relations, as well as our cooperation on global and multilateral issues.”
Recently, External Affairs Minister S Jaishankar met his Canadian counterpart Melanie Joly, on the sidelines of the Commonwealth Heads of Government Meeting in Rwanda.
This was their first in-person meeting after Joly assumed charge following the September 2021 general elections in Canada.
Jaishankar described the conversation as “open and productive”. They exchanged views on international issues including the Commonwealth, Ukraine conflict and the Indo-Pacific. (ANI)
Candidate status is the first official step towards EU membership and earlier this week, France had said that there was “total consensus” on Ukraine…reports Asian Lite News
During a summit in Brussels on Thursday, Ukraine is set to be approved as an European Union (EU) candidate after the European Commission gave the go-ahead.
Just four days after Russia launched its invasion of Kiev on February 24, Ukrainian President Volodymyr Zelensky had signed an official appeal to the EU asking for the accession of Ukraine via a new special procedure.
And on June 11, European Commission President Ursula von der Leyen said the bloc will finalise the assessment on granting Ukraine EU candidate status.
Von der Leyen had giventhe EU membership questionnaire to the Ukrainian President during her visit to Kiev in April.
The first part of the document was submitted to the EU on April 18, while the second was delivered on May 9.
Candidate status is the first official step towards EU membership and earlier this week, France had said that there was “total consensus” on Ukraine, the BBC reported.
However, observers say even with candidate status, it may take years, if not decades, for Ukraine to obtain EU membership.
For example, the Western Balkan countries of Albania, North Macedonia, Montenegro and Serbia have been candidate countries for years; in some cases for over a decade.
Bosnia and Herzegovina applied for candidacy in 2016 but has still not succeeded.
Vsevolod Chentsov, Ukraine’s Ambassador to the EU, told the BBC on Wednesday night that granting the status would be a “psychological boost for Ukrainians”.
“We do not accept the idea of the queue,” he said, arguing Kiev’s eagerness could set an example to other states.
“Every state has its road map, has its path. And if there is political will, if there is support of society (and) business operators to move forward to implement reform in a bold and fast way, why we should wait?” he told the BBC.
Several EU states have agreed to back Ukraine’s candidacy, provided conditions are attached before accession negotiations can begin, including judicial and anti-corruption reforms.
Chentsov has insisted some reforms can take place, even while the country is at war and not in control of its whole territory.
“We are not starting from scratch,” he insists, pointing to work carried out since the EU and Ukraine signed an association agreement in 2014.
But it would be “logical” to carry out bigger reforms once the situation on the ground became more stable, he told the BBC.
This comes on top of an existing package of the EU’s 3 billion euros ($3.16 billion) for global food security, tweeted von der Leyen…reports Asian Lite News
The European Commission proposes to disburse 600 million euros ($633 million) on top of existing EU support to help regions hit by the current food crisis, said European Commission President Ursula von der Leyen.
“To help our partners we will mobilise an additional 600 million euros ($633 million) to avoid a food crisis and an economic shock,” she added on Tuesday at the 2022 European Development Days.
The money will come from the European Development Fund, and will be used to support African, Caribbean and Pacific countries to counter the looming food crisis, Xinhua news agency reported.
The countries will receive 150 million euros ($158 million) for humanitarian assistance, 350 million euros ($369 million) for sustainable production and resilience of food systems, and 100 million euros ($105 million) in macro-economic support.
This comes on top of an existing package of the EU’s 3 billion euros ($3.16 billion) for global food security, tweeted von der Leyen.
Investments in food production and resilience of food systems are especially important, von der Leyen added.
