India Germany welcome enhanced collaboration in Indian railways modernization
- Author: Julie Sanders May 31, 2017,
May 31, 2017, 9:54
In their own ways, German Chancellor Angela Merkel and new French President Emmanuel Macron this weekend signaled just how little confidence they now have in American global leadership.
An ambitious trade agreement with India, slashing both tariffs and non-tariff barriers, would have the potential to more than double European Union exports to the country within a decade, according to a study published this week by the German economic research group Ifo Institute.
Merkel said India is proved to be the reliable partner and both the countries have been able to deepen abilities.
The prime minister said a global order based on democracy is the need of the hour, in an interconnected and interdependent world.
They "commended the steadfast efforts of the G-4 and other reform oriented countries and groups in moving forward the discussions towards initiation of text-based negotiations on the Security Council reform agenda at the ongoing Inter- governmental Negotiations (IGN) at the United Nations", it added.
The two countries are also not on the same page on climate policies.
Dr Merkel, seeking to fix damage after shocking Washington on Sunday by declaring the era in which Europe could rely on its partners was somewhat over, repeatedly stressed the importance of transatlantic ties but also highlighted Germany's history of cooperating with India and China in a "global world".
This is Modi's second bilateral visit to Germany since 2015.
A German foreign ministry spokesman, Martin Schaefer, stressed that India enjoys rapid economic growth and development and "will soon be the most populous country on Earth".
Both leaders welcomed Make in India and the full implementation of the Fast Track System for German companies investing in India.
Trump has vowed to decide this week whether to pull the USA out of the Paris framework on climate change but left his counterparts in the G7 with no idea of which way he was leaning.
Modi acknowledged Germany's intention to provide financial and technical assistance of about €1 billion until 2022, for sustainable urban development in India.
During their talks, the two leaders also expressed their commitment to strengthen global non-proliferation efforts. Modi and Merkel pointed to the open markets potential and the importance of investment protection for foreign investors.
Merkel talked to Indian Prime Minister Narendra Modi in Berlin about developing cooperation with India. Which includes senior ministers, Science and Technology Minister Harsha Vardhan, Commerce Minister Nirmala Sitharaman, Minister of State for External Affairs M J Akbar, and Energy Minister Piyush Goyal.
Germany is India's largest trading partner in the European Union, and more than 1,600 German companies with over 400,000 employees operate on the subcontinent.