Germany pledges to boost trade with China
German Chancellor Angela Merkel announced plans for a major increase in trade with China, as Chinese PM Wen Jiabao concluded his European tour in Berlin.
Tuesday, 28.06.2011.
16:38
German Chancellor Angela Merkel announced plans for a major increase in trade with China, as Chinese PM Wen Jiabao concluded his European tour in Berlin. Merkel said Germany intended to boost trade with China to at least 200 billion euros in the next five years, Deutsche Welle reported. Germany pledges to boost trade with China "We want to encourage [Chinese companies] to invest even more in Germany," Merkel announced at a Berlin business forum attended by Premier Wen. "What's already pretty good can get even better," she added. Trade between the world's number two economy, China, and Germany, at number four, currently stands at 130 billion euros annually. The Chinese premier followed Merkel's announcement by asserting China's confidence in the eurozone. "It's true that right now some European Union countries are encountering economic problems. These are, however, of a temporary nature," he told the business forum. The European Union is "strong enough to master the current challenges," he added. Wen was in Germany for the third and final leg of his European tour. He arrived in Berlin on Monday evening, having already secured a trade deal worth almost 1.6 billion euros with British Prime Minister David Cameron. On Tuesday, Wen attended a German cabinet meeting with several of his key ministers. During the meeting, Chinese and German firms signed deals worth more than 15 billion euros. Although details of the deals were kept largely under wraps, they were expected to include contracts for cars, chemicals and aeronautics. Although there was some speculation about whether Merkel would raise concerns about China's human rights record, Wen made it clear on Tuesday that he would not accept lectures from European partners. China was meeting with Germany to "boost the growth potential of bilateral trade ... and to once again double our bilateral trade volume in five years," he asserted. Wen and Merkel in Berlin today (Beta/AP)
Germany pledges to boost trade with China
"We want to encourage [Chinese companies] to invest even more in Germany," Merkel announced at a Berlin business forum attended by Premier Wen."What's already pretty good can get even better," she added.
Trade between the world's number two economy, China, and Germany, at number four, currently stands at 130 billion euros annually.
The Chinese premier followed Merkel's announcement by asserting China's confidence in the eurozone.
"It's true that right now some European Union countries are encountering economic problems. These are, however, of a temporary nature," he told the business forum.
The European Union is "strong enough to master the current challenges," he added.
Wen was in Germany for the third and final leg of his European tour. He arrived in Berlin on Monday evening, having already secured a trade deal worth almost 1.6 billion euros with British Prime Minister David Cameron.
On Tuesday, Wen attended a German cabinet meeting with several of his key ministers.
During the meeting, Chinese and German firms signed deals worth more than 15 billion euros.
Although details of the deals were kept largely under wraps, they were expected to include contracts for cars, chemicals and aeronautics.
Although there was some speculation about whether Merkel would raise concerns about China's human rights record, Wen made it clear on Tuesday that he would not accept lectures from European partners.
China was meeting with Germany to "boost the growth potential of bilateral trade ... and to once again double our bilateral trade volume in five years," he asserted.
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