Welsh Government Minister for Economy, Edwina Hart is visiting Germany this week (7-9 August) to further develop trade and investment relations between the two countries.

The visit is part of the Welsh Government’s trade programme and will include meeting existing and potential investors to discuss future trade and investment opportunities.

“Exports to Germany were worth £868 million in 2012 alone making it Wales’ second largest export market,” said Mrs Hart.

“Germany has also been identified as a key overseas market to target as part of the Welsh Government Strategy for Tourism.

“This visit will provide an important opportunity to promote Wales in Germany and to meet with investors to discuss future trade and investment opportunities.”

During her visit the Minister will meet with executives from Deutsche Grammophon (a company representing a number of Welsh recording artists), be guest of honour at a business reception hosted at the British Embassy and attend a performance by the National Youth Orchestra of Wales at the prestigious Young Euro Classics Festival at the Konzerthaus.

The Minister’s visit to Deutsche Grammophon follows Bryn Terfel’s announcement that he will partner with the company to launch Snowdonia Records which will nurture young Welsh singers and instrumentalists involved in choral work.

Mrs Hart said: “I am pleased to have the opportunity to visit such an iconic record label and welcome the new initiative with Bryn Terfel.”

“The creative sector is one of the fastest growing sectors in Wales. It employs more than 26,000 people and generates over £1 billion annual turnover and the Welsh Government is very supportive of growth in this area.”

The Minister’s visit to Germany follows the release of the UKTI’s latest investment report which shows that the number of inward investment projects for Wales has risen by almost 200% in comparison to last year’s figures.