Federal Foreign Minister Maas and President Obiang had a meeting on the fringes of the United Nations General Assembly in New York in September 2018. In 2019, Equatorial Guinea and Germany are both non-permanent members of the United Nations Security Council.
Bilateral trade relations are developing positively. While German trade with Equatorial Guinea was worth just 36 million euros in 2005, it reached 99.4 million euros in 2015. Germany’s main exports to Equatorial Guinea are beverages, production facilities, machinery and motor vehicles. Its main imports from Equatorial Guinea are oil and chemical products.
The country’s oil boom enabled the Government of Equatorial Guinea to spend a great deal on infrastructure and construction projects. This also offers business opportunities for German companies, but doing business there involves risks. A German firm has built an airport in mainland Equatorial Guinea. German engineering firms are currently active in the country providing construction supervision services and as subcontractors in the gas facility engineering and telecommunications fields. The ongoing recession in recent years has made the business climate less favourable.
Germany provided development cooperation until the mid-1990s. Since then, Equatorial Guinea has not qualified for support from this programme due to its high per capita income. Every year, the German Embassy supports a few microprojects in the areas of agriculture, biodiversity, education and health.
Cultural relations between Equatorial Guinea and Germany are based on initiatives by individuals and the German Embassy. Germany has no cultural institute in the country and there are only a few former scholarship holders. German is not taught at any of the country’s schools or universities.
In recent years, the German Embassy in Malabo has, in cooperation with other cultural institutes, organised several cultural projects as well as measures to promote sport.