German Chancellor Olaf Scholz said on Saturday that he and India’s Prime Minister Narendra Modi were committed to sealing a free trade deal between India and the European Union (EU).

“It’s an important topic and I’ll get personally involved,” Scholz said after his meeting with Modi in New Delhi.

The EU and India revived negotiations to forge a free trade agreement last year with the aim of completing talks by the end of 2023.

For the EU, a free trade agreement with India would fit its strategy of increasing engagement with the Indo-Pacific region, where the bloc is targeting bilateral deals to take advantage of expected higher economic growth. The deal could also act as a counterbalance to China’s growing influence in the region.

Scholz met Modi a day after the first anniversary of Russia’s invasion of Ukraine. His visit along with a large business delegation highlighted Delhi’s growing importance to Western p ..

Source : economictimes.indiatimes.com/news/ For More Details