Merz promotes free trade on Asia trip
Published
Chancellor Friedrich Merz is promoting a global network for free trade during his five-day trip to Asia. He has already presented this idea at his stops in Singapore and Japan. South Korea is the final destination of his trip.
In Singapore and Japan, Merz advocated the reduction of trade barriers and strengthened cooperation between countries that rely on open markets. The aim is to make trade relations less dependent on individual major powers. For Germany, this is particularly important, because as an export nation the country depends heavily on international trade.
Trade is also set to play a central role in South Korea. Merz wants to encourage the country here, too, to take part in such a network. The precise results of the talks were not yet known at the time of reporting.
The Asia trip shows how much importance the federal government attaches to relations with the countries of the region. For German companies, new trade agreements could open up new sales markets in the long term. How the plans can be implemented in practice will become clear in the coming months.
Sources: Logistik Heute
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