{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Merkel and Singh say progress being made on EU-India free trade deal' data-url='/boclips/videos/5c54c514d8eafeecae16d7fe' data-video-url='/boclips/videos/5c54c514d8eafeecae16d7fe' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nMerkel and Singh say progress being made on EU-India free trade deal\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of German Chancellor Angela Merkel and Indian Prime Minister Manmohan Singh arriving for a joint news conference 2. Mid of photographers3. SOUNDBITE: (German) Angela Merkel, German Chancellor:\"If there is flexibility on both...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of German Chancellor Angela Merkel and Indian Prime Minister Manmohan Singh arriving for a joint news conference \u003cbr/\u003e2. Mid of photographers\u003cbr/\u003e3. SOUNDBITE: (German) Angela Merkel, German Chancellor:\u003cbr/\u003e\"If there is flexibility on both sides, I have the feeling that there is a great readiness from the Indian side to go for a trade agreement. And speaking from Germany's past experiences - as soon as a free trade agreement is established, trade becomes more vital and therefore we should work on reaching a trade agreement.\"\u003cbr/\u003e4. Mid of journalist\u003cbr/\u003e5. SOUNDBITE: (English) Manmohan Singh, Indian Prime Minister:\u003cbr/\u003e\"I think there were some problems in the level of tariff protection which we could give to India's automobile sector. And we had a very thorough discussion of this issue and I hope that when the ministers meet later this week in Brussels further progress can also be registered.\" \u003cbr/\u003e6. Mid of journalists\u003cbr/\u003e7. SOUNDBITE: (German) Angela Merkel, German Chancellor:\u003cbr/\u003e\"For Germany, a country with a large automobile industry, a balanced treatment of the automobile industry is important. Thinking in medium terms, we can imagine reaching such a treatment within a step by step process. I think we came a step closer today but there are still different expectations on both sides of what we need to overcome.\"\u003cbr/\u003e8. Wide of Singh and Merkel\u003cbr/\u003e9. SOUNDBITE: (English) Manmohan Singh, Indian Prime Minister:\u003cbr/\u003e\"We are committed to liberalisation of the insurance sector's cap on FDI (foreign direct investment) equity participation. Our cabinet has already approved a proposal to raise the level of foreign party equity participation from 29 percent to 49 percent but this requires parliamentary legislation.\"\u003cbr/\u003e10. Mid of photographer \u003cbr/\u003e11. Mid of Singh and Merkel\u003cbr/\u003e12. SOUNDBITE: (English) Manmohan Singh, Indian Prime Minister:\u003cbr/\u003e\"We want the eurozone to prosper, to get out of this atmosphere of crisis because the eurozone countries are a most important component of the development of the global economy and a strong resilient eurozone is in the interest of all countries of the world.\"\u003cbr/\u003e13. Wide of Merkel and Singh shaking hands \u003cbr/\u003eThe leaders of Germany and India said on Thursday that progress was being made on a new free trade agreement between India and the European Union, which has been in negotiations for six years.\u003cbr/\u003eThe EU is already India's largest trade partner and the Indian economy is growing robustly, leading German and other European businesses to increasingly look there for new opportunities. \u003cbr/\u003eIndia, meantime, is eager for greater integration in global markets as its economic power expands.\u003cbr/\u003eSpeaking after a joint meeting in Berlin, Chancellor Angela Merkel and Prime Minister Manmohan Singh said, however, there are still issues to be ironed out.\u003cbr/\u003e\"If there is flexibility on both sides, I have the feeling that there is a great readiness from the Indian side to go for a trade agreement,\" Merkel told the press conference. \u003cbr/\u003e\"And speaking from Germany's past experiences - as soon as a free trade agreement is established, trade becomes more vital and therefore we should work on reaching a trade agreement,\" she added. \u003cbr/\u003eGermany, one of the world's largest exporters, still has worries about import duties on automobiles. \u003cbr/\u003e\"I think we came a step closer today but there are still different expectations on both sides of what we need to overcome,\" she added. \u003cbr/\u003eSingh said he and Merkel had had a \"very thorough discussion\" of the issue and he expected further progress to be made when ministers met in Brussels later this week. \u003cbr/\u003eRegarding wider EU concerns on insurance sector restrictions, Singh said his Cabinet has proposed raising the permitted foreign shareholdings from 26 to 49 percent but says the measure still needs parliament's approval.\u003cbr/\u003eHe also discussed the importance of the stability of the eurozone saying \"a strong resilient eurozone is in the interest of all countries of the 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