In mid-August 2022, U.S. President Joe Biden signed the Inflation Reduction Act of 2022 (IRA). The act is intended to counter high inflation and promote climate protection in the United States. In the EU, the law has triggered concerns about the future of Europe as an investment location.

From rampant protectionism to pandemics and climate change – the global economy is facing a multitude of challenges. The communiqués of the G20 are not binding under international law. Nonetheless, the G20 has served as an important agenda-setter and helped to create trust and understanding in the…

In its final report, the Expert Commission on Gas and Heat set up in the fight against high gas prices makes proposals on how to relieve the burden on citizens and industry while maintaining gas savings incentives and linking this to a longer-term transformation perspective.

In late June 2022, talks began between the EU and India on a free trade agreement, an investment protection agreement and a geographical indications agreement. After the failure of free trade negotiations between the two partners in 2013, this constitutes a new attempt to improve economic relations…

On the occasion of the B7 Germany Summit BDI President Siegfried Russwurm says: "There is one mistake we must not make: promoting formations of blocs and disintegration of the global economy by dividing it into ideological camps."

Since February, the sanctions measures against the Russian Federation have developed dynamically. Large parts of the Russian economy are exposed to their effects. Even where this would be legally possible, it is increasingly unprofitable for German companies to remain in Russia. Policy-makers and…

The B7 remains committed to an open, free and fair trade agenda. This requires cooperation on the part of the G7 to continue to strengthen the multilateral trading system and to collaborate with the private sector in favor of diversified, resilient supply chains.

Harmonizing climate ambitions globally and creating a level playing field for the businesses of the G7 countries is essential to advance in global climate actions. To achieve this, international cooperation, not confrontation, is the key. Therefore, the B7 supports the idea of aligning climate…

The COVID-19 pandemic has turned the global health system fundamentally upside down. Never before have production capacities, global supply chains and the distribution of medicines been so much at the centre of the political and socially debate as they are today. Both the strengths of the health…

Digitalization is one of the strongest growth drivers for modern economies, closely integrated into a global digital ecosystem. Currently, a political and value-based discourse is taking place on how and whether the digital economy should be further regulated. To bring this discussion on a…