German-Arab exchanges total $20 billion a year
Participants in the German-Arab Economic Forum recently held in Berlin stated that the value of the total exchanges between Germany and the Arab world grew to 42.5 billion German marks ($20 billion) annually, reported the London-based Al-Hayat daily.
This growth has been attributed mainly to an 11 percent rise in oil exports. As of 1998, trade between Germany and the Arab countries rose by an annual average of 23 percent.
Rising exchanges between Germany and the Arab world were also cited in the tourism industry, with the number of incoming German tourists to Arab countries growing from 1.6 million in 1995 to 2.5 million in 2000, making Germany the largest source of tourism for the Arab world. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)