You are here: Home » International » News » Economy
Business Standard

Germany, Japan push trade agreement

Japan is EU's second-biggest Asian trading partner after China

Arne Delfs 

Japan, Germany, Angela Merkel, Shinzo Abe
Japanese Prime Minister Shinzo Abe and German Chancellor Angela Merkel hold a drone during a media tour of the world’s biggest computer and software fair, CeBit, in Germany on Monday

German Chancellor and Japanese Prime Minister called for a concerted effort to defend free trade, expanding the list of economic powers joining together to counter the shift toward protectionism.
 
Barely 48 hours after Merkel and President clashed on economic policy at their first White House meeting, the German leader called for swift conclusion of a trade accord between and the European Union. That followed a renewed German-Chinese commitment to open markets on the eve of her trip to Washington and Merkel’s backing for a free-trade accord between the and Mercosur, the South American economic bloc. “Of course we want fair markets, but we don’t want to put up barriers,” Merkel said on Sunday evening in a speech in Hanover, Germany, pushing back against Trump’s pledge to enact “America First” policies. “At a time when we have to quarrel with many about free trade, open borders and democratic values, it’s a good sign that and aren’t quarrelling about that.”


 
Abe said Japan, the EU’s second-biggest Asian trading partner after China, “wants to be the champion of upholding open systems alongside ” The prime minister, who met Trump in February, said “it will be necessary to have rules that are fair and can stand up to democratic appraisal.” Abe and Merkel are due to give a press briefing later on Monday at the Hanover trade fair, where is this year’s partner country.
 
Battle lines
 
The display of German-Japanese unity underscores a rift elsewhere among the world’s biggest economic powers after insistence on “fair” trade triggered conflict at a weekend meeting of Group of 20 finance chiefs in Another potential clash looms when Trump, Abe, Merkel and the leaders of Canada, France, Italy and the UK meet at a Group of Seven summit in Sicily in May. A commitment to free trade and defense spending are emerging as the first key dividing lines with the Trump administration, with in the firing line on both counts. The and traded barbs over the weekend over Trump’s assertion on Twitter that “owes vast sums of money” to NATO and the for defense.
 
The clashing views of trade were exposed when Trump told Merkel at a White House news conference on Friday that the had been treated “very, very unfairly” and said “negotiators for Germany” had bested their American counterparts.
 
Merkel explains
 
Merkel replied with an explanation of how the conducts trade talks, saying it’s the Brussels-based European Commission that negotiates on behalf of all 28 countries.
 
The stance is pushing and Germany, the world’s No. 1 and No. 3 exporters, closer, with Merkel and President Xi Jinping renewing their support for open markets in a phone call on Thursday, hours before she travelled to Washington. 

RECOMMENDED FOR YOU

Germany, Japan push trade agreement

Japan is EU's second-biggest Asian trading partner after China

Japan is EU's second-biggest Asian trading partner after China German Chancellor and Japanese Prime Minister called for a concerted effort to defend free trade, expanding the list of economic powers joining together to counter the shift toward protectionism.
 
Barely 48 hours after Merkel and President clashed on economic policy at their first White House meeting, the German leader called for swift conclusion of a trade accord between and the European Union. That followed a renewed German-Chinese commitment to open markets on the eve of her trip to Washington and Merkel’s backing for a free-trade accord between the and Mercosur, the South American economic bloc. “Of course we want fair markets, but we don’t want to put up barriers,” Merkel said on Sunday evening in a speech in Hanover, Germany, pushing back against Trump’s pledge to enact “America First” policies. “At a time when we have to quarrel with many about free trade, open borders and democratic values, it’s a good sign that and aren’t quarrelling about that.”
 
Abe said Japan, the EU’s second-biggest Asian trading partner after China, “wants to be the champion of upholding open systems alongside ” The prime minister, who met Trump in February, said “it will be necessary to have rules that are fair and can stand up to democratic appraisal.” Abe and Merkel are due to give a press briefing later on Monday at the Hanover trade fair, where is this year’s partner country.
 
Battle lines
 
The display of German-Japanese unity underscores a rift elsewhere among the world’s biggest economic powers after insistence on “fair” trade triggered conflict at a weekend meeting of Group of 20 finance chiefs in Another potential clash looms when Trump, Abe, Merkel and the leaders of Canada, France, Italy and the UK meet at a Group of Seven summit in Sicily in May. A commitment to free trade and defense spending are emerging as the first key dividing lines with the Trump administration, with in the firing line on both counts. The and traded barbs over the weekend over Trump’s assertion on Twitter that “owes vast sums of money” to NATO and the for defense.
 
The clashing views of trade were exposed when Trump told Merkel at a White House news conference on Friday that the had been treated “very, very unfairly” and said “negotiators for Germany” had bested their American counterparts.
 
Merkel explains
 
Merkel replied with an explanation of how the conducts trade talks, saying it’s the Brussels-based European Commission that negotiates on behalf of all 28 countries.
 
The stance is pushing and Germany, the world’s No. 1 and No. 3 exporters, closer, with Merkel and President Xi Jinping renewing their support for open markets in a phone call on Thursday, hours before she travelled to Washington. 
image
Business Standard
177 22

Germany, Japan push trade agreement

Japan is EU's second-biggest Asian trading partner after China

German Chancellor and Japanese Prime Minister called for a concerted effort to defend free trade, expanding the list of economic powers joining together to counter the shift toward protectionism.
 
Barely 48 hours after Merkel and President clashed on economic policy at their first White House meeting, the German leader called for swift conclusion of a trade accord between and the European Union. That followed a renewed German-Chinese commitment to open markets on the eve of her trip to Washington and Merkel’s backing for a free-trade accord between the and Mercosur, the South American economic bloc. “Of course we want fair markets, but we don’t want to put up barriers,” Merkel said on Sunday evening in a speech in Hanover, Germany, pushing back against Trump’s pledge to enact “America First” policies. “At a time when we have to quarrel with many about free trade, open borders and democratic values, it’s a good sign that and aren’t quarrelling about that.”
 
Abe said Japan, the EU’s second-biggest Asian trading partner after China, “wants to be the champion of upholding open systems alongside ” The prime minister, who met Trump in February, said “it will be necessary to have rules that are fair and can stand up to democratic appraisal.” Abe and Merkel are due to give a press briefing later on Monday at the Hanover trade fair, where is this year’s partner country.
 
Battle lines
 
The display of German-Japanese unity underscores a rift elsewhere among the world’s biggest economic powers after insistence on “fair” trade triggered conflict at a weekend meeting of Group of 20 finance chiefs in Another potential clash looms when Trump, Abe, Merkel and the leaders of Canada, France, Italy and the UK meet at a Group of Seven summit in Sicily in May. A commitment to free trade and defense spending are emerging as the first key dividing lines with the Trump administration, with in the firing line on both counts. The and traded barbs over the weekend over Trump’s assertion on Twitter that “owes vast sums of money” to NATO and the for defense.
 
The clashing views of trade were exposed when Trump told Merkel at a White House news conference on Friday that the had been treated “very, very unfairly” and said “negotiators for Germany” had bested their American counterparts.
 
Merkel explains
 
Merkel replied with an explanation of how the conducts trade talks, saying it’s the Brussels-based European Commission that negotiates on behalf of all 28 countries.
 
The stance is pushing and Germany, the world’s No. 1 and No. 3 exporters, closer, with Merkel and President Xi Jinping renewing their support for open markets in a phone call on Thursday, hours before she travelled to Washington. 

image
Business Standard
177 22