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Germany, Yemen Sign Agreements

March 3, 2005

Yemen and Germany signed three economic agreements on Wednesday as German Chancellor Gerhard Schröder held
talks with Yemeni President Ali Abdullah Saleh after arriving in Sanaa on the fifth leg of a regional tour. The accords included one on preventing dual taxation and another on encouraging and protecting mutual investments. A third agreement was signed between the Yemeni government and German engineering giant Siemens to build a gas-powered electricity station in Yemen to be financed by the Arab Fund for Economic and Social Development (AFESD). "We have close economic ties ... and the president and myself are agreed on boosting this cooperation," Schroeder, the first German chancellor to visit Yemen, told reporters after the talks. Saleh for his part called on Germany to play an active role within the European Union and the international community to "support the rehabilitation of state structures" in war-torn Somalia.