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Germany's Scholz in India to press on EU trade deal

February 25, 2023 / 3:46 PM
Sharjah 24 – AFP: German Chancellor Olaf Scholz visited India on Saturday seeking to deepen business and defence ties between the two major economies and jumpstart progress on an EU trade deal despite differences over Ukraine.
"We want to further strengthen our bilateral relationship with India and our cooperation on global issues, such as mitigating climate change and transforming our economies in a just, green and sustainable way," Scholz told the Times of India in an interview.

"There is huge potential for intensified cooperation, in sectors such as renewables, hydrogen, mobility, pharma, digital economy, and many more," Scholz told the paper.

Scholz, accompanied by executives from big German firms like Siemens, met Prime Minister Narendra Modi in New Delhi and was due to head to Bengaluru to visit German software firms including SAP.

Officials said Scholz would press for progress towards a trade deal between the European Union and India that has long been held up by disagreements on tariffs and access for Indian workers to Europe.

A German official in Berlin said the two sides remain "quite some distance apart".

"Some people want to complete this by the end of this year. Others say that even summer next year is ambitious," the official said on condition of anonymity.

Scholz was due to discuss a bid by Germany's Thyssenkrupp Marine Systems to build six submarines in India in a deal worth around $5 billion, Bloomberg News reported.

"Security and defence cooperation can become an important pillar of our strategic partnership. In this sector, we will continue to work to realise our untapped potential," Modi told reporters.
 
February 25, 2023 / 3:46 PM

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