The European Union is connected with the world like no other group of states. Although the EU's share of world trade has fallen slightly in recent years, it remains at a high level and represents a key foundation for growth, competitiveness and employment in Europe. In an international environment marked by upheaval and uncertainty, the EU's external economic instruments need to be further strengthened.
Europe and China: between cooperation and confrontation
China was the first country to escape the vortex of the COVID pandemic. Beijing reported positive economic figures again in the second quarter. The Chinese economy could even close the year with growth of around two percent. German and European companies in the country are also gaining new hope. However, cooperation between the EU and the world's second largest economy is increasingly complicated by growing conflicts of interest and political factors.
The EU started negotiations for a trade agreement with Mercosur two decades ago. The German industry would welcome a quick ratification of this forward-looking agreement. Europe could conclude one of the first free trade agreements (FTA) with the South American economic region – and thus seize new business opportunities and secure advantages over other competitors.
There is no getting around the fact that the United Kingdom must fulfil its obligations under the Withdrawal Agreement says BDI Director General Joachim Lang with reference to the parliamentary introduction of the British Internal Market Bill.
- The BDI expects a GDP increase of 2.25 percent in 2018. 2018 must be a year of action, BDI President Dieter Kempf said. A future federal government will have to spend money in areas where there are increasing opportunities for growth, where jobs can be secured and new ones created.
Brexit: UK government needs to reach agreement before an agreement with Brussels is possible
- BDI Director General Joachim Lang laments the lack of a breakthrough after the latest meeting between UK Prime Minister Theresa May and European Commission President Jean-Claude Juncker. Lang calls on the British government to reach agreement internally.
BDI on European Council decision: “Regrettable but justified”
- In its most recent meeting, the European Council decided not to move into the second phase of the Brexit negotiations. The situation will be reviewed again in December 2017. BDI Director General Joachim Lang expressed his understanding but also underlined the need for clear progress before the next...
EU anti-dumping measures must comply with WTO regulations
Stefan Mair welcomes the informal agreement between the European Commission, Parliament and Council (trialogue) on reforming the EU's trade defence instruments. This is an important step to address the legal proceedings China has initiated against the EU before the WTO. However, the BDI strongly...