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Open markets for a better life

Prosperity is the result of exchange – of ideas, goods, services, and finance. This exchange is constantly increasing nationally, regionally, and globally. Today there are numerous institutions that promote and encourage globalisation. The BDI is a passionate supporter of this process.

Dossiers

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  • White sand beaches, Caribbean Sea, tropical forests, Aztec temples – Mexico has much to offer. With a gross domestic product (GDP) of USD 1,144 billion, Mexico is the largest economy in Latin America after Brazil and ranks 15th among the world's largest economies.

  • The latest annual consultation meeting between the OECD and civil society representatives on the topic of export credit financing was held in November 2015 in Paris. The consultation meetings are a way for the OECD to give civil society representatives an opportunity to raise any issues or concerns that they may have. German industrial companies and the BDI were again prominently represented at...

  • Each New Year, people around the globe seize the opportunity to take stock of the previous year, progress made, and work still to come. In this spirit and following the Agreement in Paris at the end of 2015, we at BDI hope all stakeholders will now take a close look at what the agreement actually means for 2016 and beyond. We at BDI and in Germany embrace the challenge of limiting global warming,...

  • In Germany, economic well-being and the labour market situation are more closely intertwined with foreign demand – in other words, exports – than in any other country in the world. The BDI is thus committed to improving and further developing the tried-and-tested instruments of foreign trade promotion.

  • German inventions are sales hits worldwide. Yet developments in digital connectivity pose unparalleled challenges for the existing rules on intellectual property which need to be solved.

  • Virtually unknown fifteen years ago, compliance systems have now found their way into very many German companies. The instruments deployed are just as diverse and individual as the companies themselves. Yet a great deal remains to be done: companies must monitor the quality of their compliance systems and policy-makers must optimise the legislative framework conditions. Only in this way can a fair...

  • The introduction of collective redress instruments should be expressly rejected due to the high risk of abuse for companies. The BDI firmly rejects the introduction of collective redress instruments in the form of class or group actions. The system of individual legal prosecution and enforcement is well developed in Germany and in the EU.

  • “The German tariff partnership is a model that we would like to adopt in Tunisia on our path to a stable democracy and a flourishing economy. We are not looking to the past; we want reconciliation and are willing to make compromises for the good of the country’s future,” said Houcine Abassi, winner of the 2015 Nobel Peace Prize, at an event with representatives from the BDI, BDA and DIHK held in...

Positions

More prosperity and jobs
through trade

Germany is dependent on open and non-discriminatory global markets as well as a secure legal framework.

Finally concluding the Doha Round and advancing the multilateral
trading system

The WTO is the guardian of the world trading system. It should be strengthened by concluding the Doha Round and by modernizing the set of rules governing global trade.

Opening markets for foreign direct investments and modernizing investment protection

Investment abroad should be protected from political risks. At the same time, it is important to modernize investment protection mechanisms.

Modern trade requires more modern customs policies

Digitisation of goods processing, security partnerships, and more simple rules of origin can help to quickly process goods at the border without jeopardizing security.

Strengthening global economic governance

An increasingly complex world economy requires clear and good rules. The G7 should provide new impulses for the development of the global economic governance. The G20 should become a more efficient steering body for the world economy.

Pushing forward negotiations on trade agreements with major partners

Free trade agreements open markets and set rules governing trade. They should be designed in a way that strengthens the multilateral trade system and doesn't weaken it.

Making development policy instruments more flexible

The business community should be included to a greater extend into development projects, PPP-instruments and external economic guarantee instruments should be developed further. Fair and transparent procurement procedures for development projects at the European and multilateral level enable fair competition for contracts in the area of development cooperation.