Europe Debt Saga Will Not Affect Germany-Malaysia Bilateral Trade

KUALA LUMPUR, Jan 19 (Bernama) -- The bilateral trade between Germany and Malaysia is expected to remain resilient despite the Eurozone debt saga, says German Ambassador Dr Guenter Gruber. "We believe our trade with Malaysia will remain firm backed by Malaysia's resilient economy and Gross Domestic Product (GDP) which is expected to stay around 5.0 per cent this year," he said, adding that the positive sentiment was also supported by the bright outlook for Asian economies. "Germany is a key European investor here and we have already built strong economic ties with Malaysia," Dr Gruber told a press conference here on Thursday. He said Germany and Malaysia registered a record bilateral trade of 10 billion euros in 2010. "Last year, we almost recorded the same value and we are optimistic of achieving the same figure this year," he added. Dr Guber also said Germany was investing in medical technology, solar, new materials like carbon, information technology solutions and other sectors namely services, logistic and machinery in Malaysia. "Moreover, we see Malaysia's tourism sector as offering good investment opportunities for German investors just like in Thailand," he added. Commenting on the progress of the European debt crisis, he said there has been positive improvement in the last few months. "The equities and capital market are up and this is good sign. "The crisis will be over but it will take sometime," he added. -- BERNAMA