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Schroder to focus on bilateral trade ties

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Our Political Bureau New Delhi
Last Updated : Jun 14 2013 | 3:31 PM IST
Gerhard Schröder, Chancellor of the Federal Republic of Germany, will be in India on a two-day visit starting tomorrow, with the resolve, among others, to improve trade and investment relations between India and Germany from the small volumes at present.
 
He will be accompanied by ministers, a business and media delegation.
 
At $5 billion, bilateral trade is small by any standards, but given Germany's sluggish economy with growth at nil in 2003, possibly 1.4 per cent in 2004, fiscal deficit at 4 per cent and unemployment hovering above 10 per cent, it is hard to imagine how Germany will have time for India.
 
The country, which has already paid $500 billion as the price of its unification with the East, is now trying to find its feet confronted with an enlarged European Union. Germany was one of the strongest votaries of the enlargement.
 
Although its economy is the world's third-biggest and its performance will have ramifications outside Germany, particularly in other EU countries and in central and eastern Europe.
 
The high point of Schroder's visit is talks with Prime Minister Manmohan Singh as part of annual summit level interaction between India and Germany that was institutionalised during his last visit to New Delhi in October 2001.
 
He will address the Indo-German Economic Forum jointly organised by the Confederation of Indian Industry , the Federation of Indian Chambers of Commerce and Industry and the Indo-German Chamber of Commerce, and will inaugurate the "Science Circle"""a network of Indian and German scholars and research institutions on either side.
 
A memorandum of understanding for enhanced co-operation in science and technology will be signed. He will inaugurate the Global Business Park of Giesecke & Devrient"" world's leading currency manufacturer at Gurgaon.
 
In addition to calling on President APJ Abdul Kalam and the Prime Minister, he will deliver the 7th Rajiv Gandhi Memorial Lecture on Peace and Stability in a Globalised World at the Rajiv Gandhi Foundation.

 
 

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First Published: Oct 06 2004 | 12:00 AM IST

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