India and the European Union are aiming to conclude negotiations on a Free Trade Agreement (FTA) by the end of this year, according to German Ambassador to India and Bhutan, Philipp Ackermann.
Speaking at the 9th Carnegie Global Tech Summit, Ackermann underlined the growing importance of the India-EU partnership and the shared commitment to deeper economic cooperation.
During a panel session titled 'Sambhavna: Next is What?', Ackermann emphasised that both sides are serious about the agreement.
He noted that the recent visit by the President of the European Commission, along with 21 commissioners, to New Delhi reflected the bloc’s renewed focus on strengthening ties with India. He remarked that such a large and high-level visit had not taken place in any other country, showing a unique diplomatic interest.
Ackermann said there is a strong sense of commitment towards finalising the FTA. He highlighted the need for like-minded countries to come together in support of global and free trade at a time when economic uncertainty continues to rise.
He stressed that this is a crucial moment for those who believe in open trade to engage in honest discussions and find practical solutions.
The ambassador confirmed that both Prime Minister Narendra Modi and the President of the European Commission had agreed to work towards a negotiated FTA by the end of this year.
He also pointed out that Europe has shown resilience and a steady approach, especially when compared to the political and economic ups and downs in the United States. He praised the European Commission’s calm but firm response to recent global challenges.
Ackermann’s comments reflect the broader mood of cooperation between India and Europe. He suggested that Europe’s balanced reactions are a sign of strength, and that its current approach should not be underestimated.
Adding to the discussion, Tanvi Madan, a Senior Fellow at the Brookings Institution, shared her perspective on India’s trade policy. She argued that India must engage more with global markets, especially developed economies.
However, she noted that some domestic industries have grown too dependent on internal demand and may resist opening up to greater competition.
Referring to recent statements by External Affairs Minister S. Jaishankar and Commerce Minister Piyush Goyal, Madan said that India recognises the need to expand both trade and investment. She echoed the government’s view that India wants to do more business with reliable partners in the developed world.
She also addressed concerns about India’s relations with China. According to Madan, India and China remain strategic rivals despite any ongoing talks or selective engagement. Competitive instincts are still visible, and relations between the two nations remain cautious.
Madan dismissed the idea that improving ties with China would lead India to pull back from partnerships like the Quad. She said such fears were misplaced and that India’s broader strategic approach would not shift dramatically due to minor improvements in bilateral ties.
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