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Germany aims at strengthening economic relationship with Caribbean

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Tuesday, 15 November 2011

Germany aims at strengthening economic relationship with Caribbean

The newly-founded European Union - Latin America and Caribbean Foundation (EU-LAC) has opened its headquarters aimed at developing economic relations between the German government and Caribbean and Latin American countries.

The northern port city of Hamburg had applied to be the headquarters of the foundation, and received the honour with the recommendation of high-ranking EU officials and regional countries, local officials said.

Hamburg Mayor Olaf Scholz said he will now receive German Foreign Minister Guido Westerwelle, president of the foundation Benita Ferrero-Waldner and executive director Jorge Valdez, in addition to the high-ranking representatives of the 60 participating nations.

He told reporters that the foundation will serve as a “catalyst for joint strategies and actions,” stepping up relationship between Europe and the region “at all levels”. As the third-largest port in Europe, Hamburg has traditionally had close contact with the region, Scholz said.

Source: Guyana Times