German Bundestag Strengthens Economic Cooperation with Development Partners
Berlin, November 25, 2024 (Drucksachen) – The German Bundestag has adopted a resolution (20/13897) to enhance economic cooperation with countries receiving German development assistance. The resolution stems from a motion by the Christian Democratic Union/Christian Social Union (CDU/CSU) parliamentary group (Drucksache 20/12962).
Aims of the Resolution
The resolution aims to strengthen Germany’s economic relations with developing countries to:
- Promote sustainable economic growth and job creation
- Reduce poverty and inequality
- Foster private sector development
- Promote investment and trade
- Support countries in transitioning to a green and digital economy
Key Measures
The resolution outlines specific measures to achieve these aims, including:
- Increasing financial support for economic development projects
- Enhancing cooperation with the private sector
- Promoting vocational training and skills development
- Reducing trade barriers
- Providing technical assistance to improve business environments
- Supporting initiatives to attract foreign investment
Rationale
The resolution recognizes that economic development is crucial for reducing poverty, promoting stability, and achieving the Sustainable Development Goals (SDGs). By strengthening economic cooperation, Germany can contribute to the prosperity and resilience of developing countries.
Background
Germany is a major donor of development assistance, providing over €20 billion annually to developing countries. Economic cooperation is a key component of German development policy, aiming to promote sustainable economic growth and improve living standards.
Significance
The resolution reflects the German government’s commitment to strengthening its economic partnerships with developing countries. It sets out a comprehensive framework for cooperation, focusing on investment, trade, and private sector development. The resolution is expected to have a positive impact on the economic development of partner countries and contribute to the achievement of the SDGs.
Additional Information
The resolution (20/13897) and the motion it stems from (20/12962) are available on the website of the German Bundestag: www.bundestag.de/dokumente/textarchiv/2024/kw47/drucksachen/538408/538408.pdf
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