More German-Yemeni ties? [Archives:2003/06/Business & Economy]

BY YEMEN TIMES STAFF
The Sanaa Chamber of Industry and Commerce recently concluded talks with the German Chamber of Arab Commerce dealing with various fields, including trade and investment between the two countries.
The 30-member German delegation, led by Germany’s former minister of finance, has conducted talks with Yemeni businessmen focusing on consolidation of trade exchange and how Yemeni laws can help attract foreign investors.
Sources at the Sanaa Chamber of Industry and Commerce said one result of the talks is a possible investment partnership between the two groups at the Aden Free Zone.
Furthermore, the German businessmen came out with good results and impressions on the available opportunities of trade and investment opportunities with their Yemeni counterparts.
Getting acquainted
The delegation got acquainted with the Yemeni infrastructure as a base for building investment projects, protect invested capitals and transfer investors’ properties.
The German delegation, representing a number of tourist, oil and services companies and firms, was the first Western delegation breaking the barrier of investors abstention from visiting Yemen following the 9/11 attacks on the U.S.
This development could in turn shake the stagnant waters of investment and encourage capitalists to come to Yemen for investment.

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