09:28 GMT +319 May 2019
Listen Live
    Migrants are escorted by German police to a registration centre, after crossing the Austrian-German border in Wegscheid near Passau, Germany, November 1, 2015

    New Immigration Law Will Increase Growth Potential of German Economy - Minister

    © REUTERS / Michael Dalder
    Get short URL

    Germany's coalition parties have agreed on a new immigration law to bring in more skilled employees from countries outside the European Union, in a politically dangerous push to fulfill a record number of job vacancies and stabilize the public pension system.

    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.

    Federal Labor Minister Hubertus Heil (SPD), Interior Minister Horst Seehofer (CSU) and Economy Minister Peter Altmaier (CDU) have presented the "cornerstones of the Immigration Reform Law," according to the Federal Press Conference.

    In recent weeks, the coalition partners have been debating, in particular, about a "lane change" for asylum seekers.

    READ MORE: Some 14,000 People Participate in Anti-Racism Rally in Germany — Reports

    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.


    Beacon of Hope? Afghan President Says Germany Can't Close Borders to Migrants
    Over 10 EU Countries Ready to Help Germany in Deporting Migrants – Reports
    Merkel: Germany Ready to Help Syrian Settlement to Ensure Return of Migrants
    Migrants From Iraq, Turkey Suspected of Raping, Murdering Jewish Girl in Germany
    bill, law, migrants, Christian Democratic Union (CDU), Christian Social Union (CSU), Social Democratic Party of Germany (SPD), Germany
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik