Summary:

During the 18th Asia Pacific Conference of German Business in New Delhi, Vice-Chancellor Robert Habeck emphasized the necessity of rebalancing Germany's trade policy. He stressed the need to diversify away from reliance on major partners such as China and Russia. "We are in a complex situation and must reshape our economic success," he said, highlighting the importance of finding new partners and developing existing ones amid rising skepticism and geopolitical concerns.

He underscored India's critical role in navigating economic upheavals, stating, "India is one of the most significant partners in our area and worldwide. We cannot afford to abandon the EU Free Trade Agreement." He promoted Germany as a desirable investment destination, emphasizing the benefits of its single market. Mr. Roland Busch, Chairman of the Asia-Pacific Committee of German Business and CEO of Siemens, also stressed the importance of investing in energy, manufacturing, and local ecosystems.

Source: IBEF 

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