Germany’s Transport Minister, Volker Wissing, emphasized the importance of creating an environment where companies can compete in the market rather than closing it off. In an interview with Stuttgarter Zeitung and Stuttgarter Nachrichten, Wissing stressed that Germany aims to compete in the market rather than engage in a trade war through punitive tariffs. He pointed out that international trade should take place in an equal and standardized competitive environment to avoid escalating to a full-blown trade war.
Wissing highlighted the need for domestic companies to continue adding value and maintaining their competitive edge in international trade. The European Commission initiated an investigation into Chinese exporters of electric cars to determine if they receive unfair advantages due to subsidies. The investigation may lead to punitive tariffs being imposed as a response. However, the German government remains committed to fostering fair competition in the international market and safeguarding the interests and competitiveness of German companies.
Wissing emphasized that Germany produces goods for the entire world and aims to continue doing so with high-quality products that enjoy an excellent international reputation. He stressed that China’s electric vehicles are approximately 20 percent cheaper compared to those produced in the EU due to subsidies, which he believes gives them an unfair advantage over European manufacturers. Wissing urged other countries not to engage in protectionist policies that could harm global trade and economic growth.
Overall, Wissing reiterated Germany’s preference for equal competition over a trade war, recognizing the importance of domestic production while maintaining a strong position in international markets. His comments come at a time when tensions between Europe and China have been escalating over issues such as intellectual property rights violations and unfair trade practices.
In conclusion, Wissing’s stance on equal competition highlights Germany’s commitment to maintaining fairness in global trade while also promoting its own interests. As tensions rise between major trading powers, it will be important for governments like Germany to find ways to work together towards mutually beneficial outcomes that promote economic growth and prosperity for all parties involved.