Dhaka-Berlin economic relations are expected to get a new momentum with the three-day visit of German president Christian Wulff to Bangladesh beginning from today (Monday), traders and officials said.
Though no specific deal will be signed during the visit, it will have a favourable impact on bilateral economic and political relations between the two countries, diplomats said.
"It (the visit) is a visible positive sign of deepening of strong political and economic partnership between two friendly countries," a source in the German embassy in Dhaka told the FE.
President Christian Wulff will be the second German president to visit Bangladesh following that of Von Weizsucker, as far back as in 1986, well before the fall of the Berlin Wall.
"Through the visit Bangladesh will have a fresh positive exposure not only in Europe but also in the rest of the world," an official of the foreign ministry said.
President Zillur Rahman will receive the President of the Federal Republic of Germany at Hazrat Shahjalal International Airport when he will arrive by a special flight.
Both the presidents will have a meeting on Tuesday.
Prime Minister Sheikh Hasina and Foreign Minister Dipu Moni will call on the President of the Federal Republic of Germany (FRG) before he delivers a lecture at the Dhaka University the same day.
Furthermore, the FRG President will have meetings with representatives of the civil society and different faiths at the Goethe-Insititut, Germany cultural institution.
The overall bilateral trade, in value terms, between Germany and Bangladesh stood at euro 2.8 billion in 2010 calendar year. The trade balance is largely in favour of Bangladesh which exports mostly ready-made garments to Germany.
German exports, mainly chemicals and capital machinery, to Bangladesh are also growing.
The country's businesses say Bangladesh's exports to Germany will further rise in the coming days as different German shipping companies have started buying ships, built in Bangladeshi shipbuilding yards.
As a leading member of the European Union (EU), Germany offers duty- and quota-free access for Bangladesh goods under the EU's "Everything but arms" policy for the least developed countries (LDCs).
German machinery exports to Bangladesh witnessed a 100 per cent increase over that of the previous year. Germany is the second largest export market for Bangladesh, business sources said.
Source: thefinancialexpress-bd.com
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