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Indo-German parleys on Trade Defence

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New Delhi: German Foreign Minister Frank-Walter Steinmeier will hold bilateral talks with India’s External Affairs Minister Sushma Swaraj as he visits Delhi on Monday.

Key issues up for discussion on his two-day visit would be cooperation in technology, trade and defence, along with regional and international issues.

Germany, which is India’s largest trading partner in Europe, is the 8th largest foreign direct investor in the country.

The flow of German FDI in 2012 was $730 million. Germany’s total Foreign Direct Investment or FDI in India was $5.2 billion in the period 2000-2012, constituting about 3% of total FDI to India, according to official data.

Officials said the Indo-German cooperation in trade and technology is one of the most dynamic facets of the bilateral partnership.

Bilateral Defence Cooperation Agreement signed in September 2006, which provides a framework for annual consultations, has placed bilateral defence cooperation on a firm footing.

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