BERLIN – Germany must diversify its worldwide enterprise companions and deal with new areas of the world, the federal government’s chief financial adviser stated, arguing that German firms ought to replicate on the way to develop into much less depending on China.
“Asia is extra than simply China and America can be extra than simply the U.S.,” Monika Schnitzer informed Reuters in an interview revealed on Thursday.
She additionally advocated for nearer relations amongst European nations. “We, because the European Union, ought to place ourselves strategically,” Schnitzer stated.
She considers the U.S. Inflation Discount Act “discriminatory”, as a result of solely firms which are native or represented in commerce agreements profit from the U.S. subsidies and he or she added that Germany shouldn't go by itself and counter-subsidize.
“That's unsuitable, as a result of we see Europe as a standard market and should act collectively,” Schnitzer stated.
The financial adviser harassed the significance of america as a buying and selling associate for Germany and argued for a brand new try to hunt a free commerce settlement between the European Union and america.
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