Federal Minister Peter Altmaier (l. )with the French Minister for the Economy and Finance, Bruno Le Maire

Federal Minister Peter Altmaier (l. )with the French Minister for the Economy and Finance, Bruno Le Maire

© BMWi/Bernd Lammel

Federal Minister Altmaier is travelling to Paris on 11 and 12 July, where he is holding bilateral talks with the French Minister for the Economy and Finance, Bruno Le Maire, the French Minister for an Ecological and Solidary Transition, Nicolas Hulot, and the French Minister of Higher Education, Research and Innovation, Frédérique Vidal. Discussions will include common issues for the future like strengthening Europe as a centre for industry and business, investments to increase economic growth, jobs and innovation, and the challenges created by current trade policy developments. He will also discuss current European, economic and trade policy issues with representatives of business and civil society.

The aim of the visit is to deepen the agreements reached at the Franco-German Summit of 19 June 2018 and to further strengthen the close Franco-German cooperation on current European, economic policy and global issues. On 19 June, Federal Minister Altmaier and the French Economics and Finance Minister Le Maire published a paper on strengthening competitiveness in Europe (in German).

In addition to their discussions, Ministers Le Maire and Altmaier are to sign a framework agreement between KfW and the French funding institutions Caisse de Dépôts et de Consignations (CDC) and Bpifrance. The cooperation also includes joint investments in venture capital funds that are to give a significant boost to the venture capital markets in France and Germany.

Together with the French Minister for an Ecological and Solidary Transition, Nicolas Hulot, Federal Minister Altmaier is presenting a declaration on strengthening bilateral cooperation in the energy sector.

With exports of 105.2 billion euros in 2017, France was the most important European destination for German exports and was Germany’s fourth most important trading partner.