Germany has a population of over 80 million people, most of whom are ethnically German. Germany has a strong economy and is Europe's largest. Business etiquette in Germany is very formal - meetings follow strict agendas, titles and positions are important, and punctuality is expected. Dining etiquette also involves strict rules like waiting to start eating until a host says "guten appetit" and placing knives and forks in parallel positions on plates when finished. Gift giving is not common in business settings in Germany.