The India-EU summit is set to begin next month with discussions on the rollout of 5G technology and the establishment of a framework for global security standards to move beyond concerns about Chinese telecom giants dominating the development of 5G technology.
As countries prepare to move toward new security agreements as part of the 5G value chain, Europe wants to work with democratic partners, including India, to establish open and transparent standards, said Margrethe Vestager, the EU’s executive commissioner for market competition.
According to Vestager, “When it comes to institutional competition, we must unite to protect what really matters, and the way technology is used reflects our preferred system, which is democracy.”
Against a backdrop of U.S.-China tensions and in an effort to cut ties with Beijing’s government, India and some European countries have sought to curtail the business of Chinese telecoms equipment vendors such as Huawei in their own countries, particularly for critical 5G infrastructure.
Indian Prime Minister Narendra Modi is scheduled to attend the India-EU summit in Portugal on May 8 to discuss trade and security issues and other topics with the 27 EU member states.
Vestager said the summit will be refocused on creating a set of global technical standards to ensure the security of the 5G value chain, including the agreement of standards in various technical aspects, such as radio spectrum and interface technology, to create a level playing field for local and small businesses.
She believes that the setting of standards is one of the keys to creating a level playing field and increasing the speed of technology rollout. It is understood that in order to create a 5G network, the EU and India are expected to invest $335 billion and over $70 billion in funding.
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