VOI World/Desk
India’s External Affairs Minister S. Jaishankar expressed optimism about concluding Free Trade Agreement (FTA) negotiations with the European Union soon, signaling a pivotal step for deepening economic ties between the two regions. In discussions with German counterpart Johann Wadephul, Jaishankar underscored areas of mutual interest, including enhanced cooperation in green hydrogen and semiconductors.
India and Germany posted bilateral trade of nearly €50 billion last year, with both sides exploring ways to double that figure in the near future. Jaishankar commended Germany’s support for resolving export control challenges and reaffirmed India’s commitment to improving business ease.
The Euro-India FTA has the potential to reshape trade dynamics, streamline market access, and boost growth across sectors like clean energy and high-tech manufacturing. Enhanced engagement in green hydrogen aligns with India’s energy transition goals, while collaboration on semiconductors supports its ambition to become a global manufacturing hub.
