Trade to top Canada-Germany leaders' meeting
Canada's Prime Minister Stephen Harper greets German Chancellor Angela Merkel at the G8 Summit at the Deerhurst Resort in Huntsville, Ontario, June 25, 2010. REUTERS/Jim Young
Canada’s efforts to wean itself off its largest trading partner -- the U.S. -- will move ahead next month when German Chancellor Angela Merkel makes her first bilateral visit here.
International Trade Minister Ed Fast said when Merkel meets Prime Minister Stephen Harper Aug. 15-16, they will discuss the "most ambitious trade agenda Canada has ever had."
"Canada’s direct investment in Germany increased 8.9% last year; German investment in Canada increased 15.6%," Fast said.
He called the Canadian-German trade relationship "high value" that is based largely on scientific and research innovations in both countries.
Eliminating tariff and non-tariff trade barriers between the two countries will also be on the agenda, he said.
Germany has Europe's strongest economy and has seen sustained growth
while most of the EU is in recession.
Germany is widely expected to bail out some of the EU's worst economic performers.