Basically....it creates a 'BIGGEST' trade deal that either side has ever signed, creating a free trade zone covering about 25-percent of global GDP and over 2 billion people.
Central feature? It aims to strengthen economic and political ties amid geopolitical tensions, boost bilateral trade (currently over €180 billion annually), and promote rules-based trade.
The EU claims....the agreement is expected to double EU goods exports to India by 2032, save around €4 billion per year in duties, and support job creation, with the EU estimating nearly 800,000 jobs already tied to this trade. I'm not saying this is accurate or BS....just the broad suggestion.
So in the package....Indians will get work/study permits fairly easily. The wording suggests that.
Negatives? This will be challenged in court....just like the South American deal from a couple of days ago. Anyone thinking there are hundreds of thousands of Indians with German language ability....is imagining things. A wave of Germans with a criticism over Indians.....yeah, that's probably a problem to occur.
My best guess over India-to-Germany air traffic? Presently....10 flights out of Germany per day....to India. I would imagine within 3 years....it'll be near 40 flights a day....half being cargo-only.
Finally, just speculation....EU quietly gave a message to China....the idea of getting a better 'partner' is key to this situation.
No comments:
Post a Comment