Germany Wants EU-India Trade Deal Concluded by Fall This Year

Here is a 174-word summary of the news article: Germany is pushing for the European Union and India to conclude a long-awaited free-trade agreement by the fall of 2023. German Foreign Minister Johann Wadephul expressed optimism that the negotiations, which have stalled for years, can be finalized in the coming months. The trade deal would create a significant economic partnership between the EU and India, two of the world's largest economies. Wadephul emphasized the strategic importance of strengthening ties between Europe and India, particularly amid global geopolitical tensions. While details of the potential agreement have not been disclosed, it is expected to significantly boost trade and investment flows between the EU and India. Concluding the trade pact by the end of 2023 would be a major diplomatic and economic achievement for both sides. However, significant hurdles remain, and the timeline may prove challenging given the complexity of the negotiations.
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