German Ambassador to India and Bhutan, Philipp Ackermann, said that Prime Minister Narendra Modi and the President of the European Commission, Ursula von der Leyen have agreed to negotiate a Free Trade Agreement (FTA) by the end of this year.
Evan A Feigenbaum, Vice President for studies at the Carnegie Endowment for International Peace, believes that there is a lot of pressure from the financial markets on the US administration to change its course.