02 Aug

PM Modi to hardsell India’s economic reform initiatives in Germany

PM Modi to hardsell India’s economic reform initiatives in Germany

PM Modi to hardsell India’s economic reform initiatives in Germany

BERLIN: Summer has come this year in Berlin. But as temperatures may not reach the heights of Delhi, Prime Minister Narendra Modi is likely to find Germany in the heat of a summer night when he plays + here on Monday night.
On the first of the two scheduled visits this year in Germany – Modi will return to Hamburg in July for the G20 + Summit – the bilateral summit will be launched with a warm dinner with Chancellor Angela Merkel at Schloss-Meseberg, Country Official Chancellor of Retirement. This is a special gesture to point out the importance of the bilateral relationship. This will be the last meeting of Modi-Merkel before Germany does towards the national elections in September.
Merkel warns the United States, Britain, the unreliable partner
In a Facebook message prior to his visit, Modi said: “Our strategic alliance is based on democratic values and a commitment to a global order, based on inclusive and open standards.” Germany is a valuable partner in our development and knowledge initiatives Of German fits well with my vision of transforming India “The continuity of India’s foreign policy is most evident here -. Manmohan Singh and Modi describe the relationship between India and Germany as “transformation”.
Modi and Merkel will convene a group of top leaders here today that Modi’s economic reform initiatives in India are expected to stand out and invite them to invest in India. The problem in this case, from the German point of view, is India’s decision to kill the entire bilateral investment treaty between India and European countries.
Indian authorities said the treaties were badly negotiated and clearly against the interests of India. European countries have asked India to hold for six more months, but India refused, anticipating that European countries weigh heavily with the EC to complete free-trade talks between India and EU. Discussions on the FTA have been delayed and will continue to be the fact that the EU is currently consumed with the Brexit negotiations.
Meanwhile, India has circulated a text of the model investment treaty, which is useless to the European countries that have given this power in Brussels. In the absence of the ILO, German officials said there were no new investments in India that would affect their decisions

Modi must convince them that investment in India will benefit from protections.
Away, Modi said:. “On May 30, Chancellor Merkel and I will conduct the fourth IGC to examine the state of our bilateral relations, also described future cooperation Roadmap oriented to trade and investment, security and counter-terrorism , Innovation and science and technology, skills development, urban infrastructure, railways and civil aviation, clean energy, development cooperation, health and alternative medicine. ” The Indian firm closed an agreement with Germany last week on cooperation in traditional medicine.

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