ID :
153230
Mon, 12/13/2010 - 09:17
Auther :
Shortlink :
https://oananews.org//node/153230
The shortlink copeid
PM wants Germany to ease export control laws, 20 billion euros
Berlin, Dec.12 (PTI) Indian Prime Minister Manmohan Singh
wants Germany to relax its stringent export control laws to
help open 'new horizons' for high technology trade with India,
as the two countries vowed to increase the bilateral trade
volume by nearly 40 per cent to 20 billion Euros by 2012.
"There is vast untapped potential for high technology
trade between India and Germany and I conveyed to Chancellor
Merkel that relaxation of German export control laws will open
new horizons for such trade. This will be to our mutual
benefit," Singh told reporters after talks with German
Chancellor Angela Merkel Saturday night.
On Germany's part, Merkel said there was no "trust
deficit" between the two countries on the issue of high
technology transfer.
Merkel's response came when a reporter asked why Germany
puts restrictions on the transfer of high technology to India
and whether there was a trust deficit in easing them.
"Our partnership with India is of a strategic nature. Our
goals are ambitious and there is no trust deficit, on the
contrary we are cooperating very well in this area," said
Merkel, adding "We are taking our strategic cooperation
seriously."
The Chancellor said both sides were working on modalities
to ease such restrictions.
"On the transfer of high technology for peaceful
purposes, the Prime Minister mentioned the potential for high
technology trade between India and Germany. We are cooperating
closely on this, and will work towards a smoother
cooperation," she added.
Merkel also said there is a good military-to-military
cooperation which should be seen as a posistive development in
bilateral ties.
At their joint news conference, both Singh and Merkel
said the two countries have decided to step up efforts to
increase bilateral trade to 20 billion Euros by 2012 from the
existing level of around 15 billion Euros.
Singh said despite the economic downturn the two sides
were hopeful that the target set will be "achieved." Germany
is India's largest trading partner in the 27-nation European
Union.
wants Germany to relax its stringent export control laws to
help open 'new horizons' for high technology trade with India,
as the two countries vowed to increase the bilateral trade
volume by nearly 40 per cent to 20 billion Euros by 2012.
"There is vast untapped potential for high technology
trade between India and Germany and I conveyed to Chancellor
Merkel that relaxation of German export control laws will open
new horizons for such trade. This will be to our mutual
benefit," Singh told reporters after talks with German
Chancellor Angela Merkel Saturday night.
On Germany's part, Merkel said there was no "trust
deficit" between the two countries on the issue of high
technology transfer.
Merkel's response came when a reporter asked why Germany
puts restrictions on the transfer of high technology to India
and whether there was a trust deficit in easing them.
"Our partnership with India is of a strategic nature. Our
goals are ambitious and there is no trust deficit, on the
contrary we are cooperating very well in this area," said
Merkel, adding "We are taking our strategic cooperation
seriously."
The Chancellor said both sides were working on modalities
to ease such restrictions.
"On the transfer of high technology for peaceful
purposes, the Prime Minister mentioned the potential for high
technology trade between India and Germany. We are cooperating
closely on this, and will work towards a smoother
cooperation," she added.
Merkel also said there is a good military-to-military
cooperation which should be seen as a posistive development in
bilateral ties.
At their joint news conference, both Singh and Merkel
said the two countries have decided to step up efforts to
increase bilateral trade to 20 billion Euros by 2012 from the
existing level of around 15 billion Euros.
Singh said despite the economic downturn the two sides
were hopeful that the target set will be "achieved." Germany
is India's largest trading partner in the 27-nation European
Union.
