Philip Ackermann, the German ambassador to India, has voiced confidence about the India-EU Free Trade Agreement (FTA), calling it a “game changer” for German industry and a major driver of more investment in India.
Ackermann stated in a recent interview that the current negotiations are aiming to reach a deadline by the end of 2025, which he thinks is attainable after fruitful discussions at the final round of talks following the arrival of European Commission President Ursula von der Leyen.
He pointed out that this deal might improve India’s appeal to foreign investors and change a number of German economic sectors.
Ackermann emphasised that about 80% of German companies are keen to grow their operations and investments in India, indicating that they see the country as a reliable place to invest.
He emphasised that enabling trade and investment flows would require removing current tariff and tax obstacles through the FTA.
Additionally, he reaffirmed Germany’s dedication to upholding close ties with the Indo-Pacific area, especially as it looks to strengthen its defence position in the face of changing global conditions.
The ambassador’s comments coincide with Germany’s impending leadership transition, as Friedrich Merz is anticipated to become Chancellor shortly.
Ackermann’s remarks are indicative of a wider attitude among German companies about India’s prospects for expansion and the strategic significance of the upcoming free trade agreement in strengthening bilateral ties.
