"Indo-German trade is now at about 6 billion euro. Our goal is to double it by 2010. I hope we will achieve it through fruitful cooperation," Finance Minister P Chidambaram said wrapping up the 15th indo-German joint commission with German economics and labour minister Wolfgang Clement.

India's exports are growing by 25 per cent while imports are up by 37 per cent. India's imports from Germany were up by 30 per cent.

While assuring further liberalisation of trade and simplifying procedures, Chidambaram apprised the German side of the growing problems of anti-dumping measures faced by Indian companies in EU.

Clement said Germany as a rule does not favour anti-dumping steps and is a votary of free trade under WTO regime. However, it sometimes finds itself as a ‘minority’ among other EU nations, who want anti-dumping duties on cheaper imports.

"Some exports from Germany are re-exported to that country and if anti-dumping duties are imposed on those items, then the purpose of such trade becomes self-defeating," Chidambaram said, adding German side has assured India of taking a second look at Indian exports before putting any non-tariff barriers.

He also expressed disappointment at the declining trend in FDI inflow from Germany. The two sides agreed to hold the joint commission meetings in 2006 or 2007 to discuss ways of stepping up investment significantly, he added.