The country’s Economy Minister Peter Altmaier has stated that the new immigration law will increase the growth potential of the German economy.
"With today's agreement, we have made it possible for the economic upswing to continue without an abrupt end, to increase and exploit our growth potential, and to strengthen our competitiveness as well as growth and prosperity. With this, we can stimulate additional economic growth by several tenths of a percent. This is quite a lot," Altmaier said during a news conference in Berlin.
In recent weeks, the coalition partners have been debating, in particular, about a "lane change" for asylum seekers.
Germany is one of the countries most affected by the migration crisis in Europe, which broke out in 2015 with a huge influx of people fleeing armed conflicts in the Middle East and North Africa.
Germany currently has the largest share of migrants in terms of total population among EU states — 12 percent, according to the World Population Review.