“This new environment of transatlantic uncertainty demands intensive cooperation. We are looking to deepen and consolidate our channels of communication especially at a time when isolation and nationalism are on the rise on both sides of the Atlantic,” said Dieter Kempf, president of the Federation of German Industries (BDI), on Saturday in Munich. At the BDI-US Congressional Roundtable held in the margins of the Munich Security Conference, German industry representatives had the opportunity to talk with high-level US senators and deputies.
“I firmly believe that the transatlantic partnership is and will remain an important pillar for a strong economy, for international security and for shaping globalisation,” said Kempf, adding that the size of the US delegation at the security conference signalled a clear commitment to transatlantic relations.
Kempf said that the strong German industry could help the US rebuild its industrial base. “But this will only be possible if the new US administration doesn’t set up any new trade barriers.” Around 4,700 companies with German participation currently operate in the US, accounting for almost 700,000 jobs there.