Accelerating Trade: Germany and India's EU Negotiations

German Chancellor Olaf Scholz emphasized the pursuit of a swift conclusion to free trade talks between India and the EU, aiming for realization within months. He also highlighted Germany's strategy to attract skilled Indian workers and deepen bilateral cooperation in multiple sectors, including defense and technology.

On Friday, German Chancellor Olaf Scholz stated that his administration is striving for a swift completion of free trade negotiations between India and the European Union (EU), emphasizing the potential for a rapid agreement within months.

Addressing the 18th Asia-Pacific Conference of German Business 2024, Scholz highlighted India's significance to Germany, noting increased skilled migration and educational exchanges. He pointed out Germany's digitization efforts in the visa process to attract Indian talent.

During his official visit, Scholz underscored the need for deeper bilateral cooperation in critical sectors such as defense, while advocating diversification in strategic materials to reduce over-reliance on single nations, referencing China's status in global trade.

(With inputs from agencies.)