PM wants Germany to ease export control laws

Berlin: Prime Minister Manmohan Singh wants Germany to relax its stringent export control laws to help open ‘new horizons’ for high technology trade with India, as the two countries vowed to increase the bilateral trade volume by nearly 40 per cent to 20 billion Euros by 2012.

“There is vast untapped potential for high technology trade between India and Germany and I conveyed to Chancellor Merkel that relaxation of German export control laws will open new horizons for such trade. This will be to our mutual benefit,” Singh told reporters after talks with German Chancellor Angela Merkel last night,

On Germany’s part, Merkel said there was no “trust deficit” between the two countries on the issue of high technology transfer.