Together with Chancellor Merkel, African heads of state discussed the state of the “Compact with Africa” initiative in Berlin. They also visited the G20 Investment Summit of the Sub-Saharan Africa Initiative of German Business (SAFRI) and the German-African Business Association, where businesses introduced their biggest investment projects in Africa.
Threats from London are harmful and will come back like a boomerang
Reacting to the decision of the British Conservative Party to appoint Boris Johnson as party leader, BDI Director General Joachim Lang says that the economy urgently needs a UK government that makes feasible decisions.
US Government is putting the World Trade System at risk by blocking the WTO
- The BDI warns against a targeted weakening of the World Trade Organization. Washington is undermining international trade law. Challenges relating to global trade can only be resolved multilaterally.
In an interview with the Passauer Neue Presse, the BDI President pleads for a strengthening and unification of Europe. Dieter Kempf expects more courage from politics in Germany. The task of the Grand Coalition is far from finished.
The Jefta free trade agreement between the EU and Japan, which will apply from February, is praised by Stefan Mair, member of the BDI executive board. Europe must stick to the course it has taken. Further trade and investment protection contracts should not fail.
Strengthen the European Union to better compete with China
The European Union and Germany both face growing challenges posed by China and its state-led economy. Although China remains an important partner, it has at the same time become a systemic competitor, said BDI President Kempf on the occasion of the presentation of a new policy paper on China.
The business 7 group is meeting today for this year's #B7-Summit (3. - 5. July) in France. They will discuss important economic issues and will contribute to the #G7 summit later this year! On top of the agenda: reform of the #WTO
Europe needs a strong EU. In view of the numerous internal and external challenges, this is more important than ever. In economic and industrial policy, the EU needs to strengthen its position in international competition by setting a wise agenda. This requires a number of actions at EU level that need to be taken in the next legislative cycle.