Pakistan and Germany will sign the enhanced version of “bilateral investment treaty” during the visit of Prime Minister Yousaf Raza Gilani to Germany early next month.
Germany this week urged Namibia to sign the contentious Economic Partnership Agreement (EPA) with the European Union (EPA) as the deadline for the controversial trade agreement draws closer.
Bahrain yesterday exuded confidence that its current talks with Germany would expedite the signing of the much-delayed Free Trade Agreement (FTA) between the six-nation Gulf Cooperation nations and the 27-nation European Union that has eluded them for close to 20 years.
Until the Philippine government and Fraport AG (Frankfurt Airport Services Worldwide) have resolved all the legal issues and Fraport fairly compensated, the NAIA Terminal 3 is unlikely to attract long term locators, according to German ambassador to the Philippines Christian Ludwig Weber-Lortsch.
The German government on Wednesday approved a law that would allow it to block moves by foreign investors to take large stakes in German companies, if it concludes that they endanger the country's interests.
Germany's decision to introduce controls on investments from the South in strategic domestic sectors is yet another indicator of growing protectionism in European and other industrialised countries against the neo-liberal globalisation they once masterminded.
The economic partnership agreements (EPAs), proposed by the European Union (EU) to African, Caribbean and Pacific (ACP) countries, constitute a "neo-colonial instrument" which will destroy the economic and social basis in African states, according to some German non-governmental organisations.
The World Bank has dismissed the claim for compensation from the Philippine government over the Naia Terminal 3 project of Germany's Frankfurt Airport Services Worldwide (Fraport)
Federal Minister for Commerce, Humayun Akhtar Khan met with Dr Bernd Pfaffenbach, State Secretary of German Federal Ministry of Economy and Technology here today. During the meeting they exchanged views on bilateral trade and issues related to free trade agreement.