ly produce relatively simple goods like textiles. They are no longer competitive in a global context, which is why production has shifted to Asia. The Federal Republic of Germany, by contrast, has an innovative industrial sector whose high-quality products are very much in demand in emerging economies. That is why Germany h

r hedging transactions at the joint venture CyPlus Idesa, de C.V., Mexico City (Mexico). Remuneration paid to related parties (Individual persons The Federal Republic of Germany and the federal states of North Rhine-Westphalia and the Saarland are also classified as related parties as they are able to exercise a significant