BREAKING NEWS

Germany, India to increase in trade, technology ties

By ASSOCIATED PRESS

DECEMBER 11, 2010 23:18

BERLIN — The leaders of Germany and India pledged Saturday to increase cooperation in trade, security and in pushing to increase the number of permanent seats on the UN Security Council.

Chancellor Angela Merkel and Indian Prime Minister Manmohan Singh also praised Saturday's agreement in Cancun, Mexico, and urged the world use it as a starting point for further progress in combating climate change.

"Today in Cancun we took a good step forward," Merkel said. "There still is very, very much to do to reach a follow-on agreement to Kyoto, but today was an important day for climate protection, for continuing the UN negotiations and work must continue in the spirit in which the agreement was made."

Increasing trade, especially in areas of high technology, was a key issue in bilateral talks, both leaders said.

Singh said the two countries are "hopeful of achieving bilateral trade worth €20 billion ($26 billion) by 2012," including in civilian nuclear technology. That would roughly double the current trade volume between them, which is €13 billion.

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