NEWS RELEASES
EGGLETON TO VISIT GERMANY
May 17, 1996 No. 93
EGGLETON TO VISIT GERMANY
The Honourable Art Eggleton, Minister for International Trade, will visit Germany
on May 23 and 24 to promote German business investment in Canada and to discuss
the strengthening of Canada-Germany trade relations.
"Germany is the world's third-largest economy and a major member of the European
Union," Mr. Eggleton said. "It is vital for Canadian businesses to increase their
presence in the German marketplace."
Mr. Eggleton will meet with German Minister of Economics Gunter Rexrodt. His
schedule also includes meetings with leading members of the German business
community. On May 23, Mr. Eggleton will speak to the Cologne Chapter of the
Canadian Business Club.
"Canada offers German investors a doorway into the world's largest marketplace --
North America," the Minister said. "Raising awareness of this Canadian advantage
with the German business community is a major objective of my visit."
Germany is Canada's fourth-largest trading partner and its fourth-largest foreign
direct investor. Over 900 German firms have established themselves in Canada
creating over 20 000 jobs.
Two-way trade between Canada and Germany currently stands at over $8 billion, an
improvement of almost $2 billion over 1994.
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For further information, media representatives may contact:
Media Relations Office
Department of Foreign Affairs and International Trade
(613) 995-1874
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