India-EU FTA benefits German industries and investments

Germany's ambassador to India, Philipp Ackermann, believes that the proposed free trade agreement (FTA) between India and the European Union (EU) could transform German industries. He noted that the agreement, expected to be finalized by the end of 2025, would encourage more investment into India. In a recent interview, Ackermann mentioned that the latest round of FTA negotiations was productive and better than previous discussions. He expressed optimism that a solid agreement could be reached, which would significantly impact Germany's economy. As Germany faces changes in leadership, incoming Chancellor Friedrich Merz emphasizes a stronger focus on security and defense spending. Ackermann reassured that Germany remains committed to its involvement in the Indo-Pacific region, highlighting India as a crucial partner in security and trade. He also discussed the importance of maintaining strong ties with the United States, despite changes in U.S. leadership and policy direction. Ackermann emphasized that Europe needs to enhance its defense capabilities in response to global threats, particularly from Russia. While advocating for an end to the conflict in Ukraine, Ackermann stressed that lasting peace will require addressing Ukraine's sovereignty. He remains hopeful for continued collaboration between Germany, India, and their allies in addressing these challenges.