Uzbekistan, Azerbaijan target $1 billion in trade by 2030
Uzbekistan and Azerbaijan are drawing up a new programme aimed at boosting bilateral trade to $1 billion by 2030, as the two countries move to deep...
India and Germany have agreed a range of deals to deepen cooperation between the two nations, with defence, trade and technology high on the agenda.
The agreements were made during German Chancellor Friedrich Merz's visit two day visit to India on Monday.
Merz met Indian Prime Minister Narendra Modi in the western state of Gujarat, where both leaders set out plans to build on what they described as an “ever-stronger partnership”.
The talks come as India pushes to diversify its strategic ties, and as Germany seeks new partners amid shifting global trade patterns and political uncertainty.
The two sides signed multiple agreements covering defence industrial cooperation, renewable energy, skills development, health and education.
A key topic of discussion was the expansion of defence collaboration, including a roadmap for co-production and innovation between Indian and German defence industries.
The defence cooperation areas discussed ranged from sub-sea capabilities to training exchanges and shared technology development.
In a joint statement Modi emphasised the long history of India–Germany relations, noting that this year marks 75 years of diplomatic relations. “Growing trade and investment ties have given new energy to our strategic partnership,” he said.
Bilateral trade between the two countries has surged past $50 bn, underlining Germany’s position as India’s largest European trading partner.
Chancellor Merz reiterated Berlin’s support for concluding the long-pending EU-India trade pact and described India as a “partner of choice” for Germany.
Mr Merz also visited Sabarmati Ashram, the former home of Mahatma Gandhi, and took part in the International Kite Festival in Ahmedabad, reflecting a broader soft-power dimension to the trip.
Mr Merz’s visit is expected to continue with business engagements in India’s tech hub of Bengaluru, where officials hope to attract further investment and cement industrial links.
By visiting India, Merz follows in the footsteps of the UK and Russia whose leaders also visted the South Asian country in the last quarter of 2025.
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
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