In 2008, German Chancellor Angela Merkel made an official visit to India, which resulted in the signing of several agreements that expanded bilateral cooperation over the years of trade, science, technology and defence. [5] Merkel, who is in India with several cabinet colleagues and an economic delegation, has begun discussions with Indian Prime Minister Narendra Modi on trade, investment, regional security and climate change. India and Germany are conducting an ongoing dialogue in the area of commercial maritime security and counter-terrorism cooperation. The Indian Navy and the German Navy conducted joint exercises for the first time in 2008, following the signing in 2006 of an agreement on cooperation against piracy between the two nations. [Citation required] Trade tensions between India and the United States have intensified since the United States increased tariffs on steel and aluminum imports from India in 2018. More recently, the United States ended $5.7 billion in trade concessions to India under the Generalized Preferences Program for Developing Countries. Bilateral trade between Germany and India has boomed in recent years as the two countries attempt to strengthen their economic and strategic partnerships to mitigate the effects of the trade war. Over the past decade, Indo-German trade has increased in volume, but has lost its importance. [58] According to MX data from the Indian Ministry of Commerce, total trade between India and Germany amounted to $5.5 billion in 2004 (3.8% of Indian trade and 6th place), followed by $21.6 billion in 2013 (2.6% of Indian trade and 9th place). India`s exports to Germany totaled $2.54 billion in 2004 (3.99% in 6th place) and $7.3 billion in 2013 (2.41% in 10th place). Indian imports from Germany amounted to $2.92 billion in 2004 (3.73% in 6th place) and $14.33 billion in 2013 (2.92% to 10th).

[59] With more than 1,700 German companies operating in India, a free trade pact could help minimize uncertainty for German investors after the end of an investment protection agreement between the two countries in 2016. NEW DELHI (Reuters) – German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi signed far-reaching agreements in New Delhi on Friday to deepen strategic cooperation and exchanged notes on ways to promote bilateral trade. Bilateral trade between the two countries increased to $24.06 billion in the 2018/1919 financial year, up from $22 billion the previous year, while German companies have invested nearly $12 billion in India since 2000.