Berlin’s China policy is even controversial among Merkel’s own Christian Democrats (CDU), however.
Germany won't sever its trade relationship with China over it, says Economy Minister Peter Altmaier.
"Of course, the quality and the future of the relationship also depends on the fact that all parties involved adhere to valid agreements that have been concluded," he said. Norbert Röttgen, the chairman of the German foreign affairs committee and a candidate to become the CDU’s next leader, has called China’s move a clear “violation of international law” and called on Germany and the EU to condemn it. BERLIN — German Economy Minister Peter Altmaier defended Berlin’s refusal to take a tougher line on China’s crackdown in Hong Kong, saying those in favor of a more strident response were ignoring the economic consequences of confronting Beijing. 2020-11-06T19:56:35.583Z.
German Economy Minister Peter Altmaier sought to clarify comments he made about the threat of U.S. and Chinese espionage, which the U.S. ambassador to Germany labeled an …
Kaeser named Vietnam and Indonesia in particular as important alternatives for investment. Falling oil prices Equal treatment of companies, transparency, legal security and the protection of intellectual property are important. With regard to Sino-German relations, Berlin has long adhered to the principle of "change through trade" ("Wandel durch Handel" in German), hoping that increased business ties may lead to more democratic structures in China. We must understand that the commitment to human rights is important, but large parts of the world aren't being run according to our perceptions. "It has always been the policy of the Western international community, including the EU, that international trade relations cannot be based solely on how democratic a country is," Altmaier told national newspaper Frankfurter Allgemeine Zeitung. Economy and Energy Minister Peter Altmaier defended Germany's continuing trade relationship with China, following the passing of a controversial new security bill in Hong Kong. Yet even if such calls get louder, Merkel is unlikely to budge, given the importance of Germany’s economic relationship with China. Peter Altmaier, the economy minister of Germany, now has urged the nation’s companies to diversify to other Asian markets other than China, Reuters has reported. “We often have to deal with difficult partners and have to talk even more in difficult times,” Altmaier said. The protection of, and adherence to human rights remained the government's highest priority, and this also applied to China, Altmaier stressed. Economy Minister Altmaier has now spoken out in favor of reducing dependency on Beijing. 2020-11-06T21:17:35.783Z, Daniel Kretinsky claims a place on the Casino board You can find more information in our data protection declaration. In mid-September, the EU demanded far-reaching concessions from China before the negotiations on an investment agreement were concluded.
China's economy grew by 4.9 percent in the third quarter compared to the previous year, according to the Beijing statistics office. "We should help ensure that these companies as well as their employees – regardless of nationality – are not at risk," the economy minister said. The background was bottlenecks, for example when ordering medical protective goods when China was at the height of the corona pandemic. Merkel’s government has remained largely silent over Beijing’s decision last month to introduce its new security law, suspending the personal liberties long enjoyed by the people of Hong Kong. Altmaier rejected that in an interview with POLITICO, arguing that economic engagement would lay the groundwork for change in the world's rising superpower. "I'm not the world's headteacher of morality, but I am convinced that countries like China will only be successful in the long term if fundamental principles of the rule of law are guaranteed.". Container handling in Shanghai: formulate interests more clearly and distinctly. Altmaier said he is consistently raising the human rights issue during his trips abroad, be it to China or Russia, but the narrative has its own limits. Equal access to markets is important, however. Altmaier pointed out that other Asian countries such as Singapore or South Korea had also handled the corona pandemic very well. Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine. In this image made from video July 1, 2020, a motorcyclist carries a flag reading “Liberate Hong Kong, Revolution of our times” during a protest on the anniversary of Hong Kong’s return to China. In addition to India, which will soon be the most populous country on earth, Kaeser also named Indonesia. There is a growing middle class with 300 million inhabitants. One could "move relatively quickly" into the country. In all four areas, German companies repeatedly complain about problems in China. 2020-11-06T20:50:35.700Z, Reconfinement weighs on banks Enshrined in the Sino-British Joint Declaration which governed the handover of the territory from Britain to China in 1997, Beijing had committed to granting Hong Kong a high degree of autonomy, including extra democratic rights for its citizens. In the first quarter, China had recorded negative economic growth of 6.8 percent. 2020-11-06T23:53:35.784Z, Natixis reduces its risks and separates from H20 AM "Of course we want to diversify our supply chains," said Altmaier before the Asia-Pacific conference of German business.
As far as the negotiations between the EU and China on an investment agreement are concerned, Altmaier still sees "big chunks". 2020-11-06T19:56:46.974Z, Uber Eats' global ambitions in delivery Kaeser said new economic figures showed China got out of the corona pandemic quickly. For the EU to agree to the deal, "it also has to take our trade policy ideas very much into account.
Asked whether he could be sure China would respect any agreements negotiated with the EU, given it seemed to have broken the treaty with Britain, Altmaier said that "it is a prerequisite for all trade relations that you stick to agreements.". © 2020 Deutsche Welle |
And last year, Germany exported goods worth €96 billion to the country. | Mobile version. 2020-11-07T02:21:04.537Z, Is the US becoming a failed state? passing of a controversial new security bill in Hong Kong. | Cable TV Hong Kong via AP, By MATTHEW KARNITSCHNIG and JAKOB HANKE VELA. Brussels is currently negotiating such a deal with Beijing, with the aim of granting EU investors better protection in China. "I have already decided that I will soon hold a videoconference with representatives of German companies in Hong Kong to ensure that employees of these companies do not suffer from these events," he said in reference to the new law. "And by this I mean not only German citizens but also employees of German companies, regardless of their nationality.
2020-11-07T06:59:53.777Z, Renewables smile with Biden one step away from the White House Read more: Opinion: China to rule Hong Kong by fear with national security law. In 2016, China overtook the U.S. to become Berlin's largest trading partner. "Many multinationals have invested heavily in Vietnam," he said. Critics argue that Berlin is following a cynical course by closing its eyes to human rights abuses in order to preserve German jobs and prosperity — especially in the auto industry, the core of the German economy. Indeed, Germany's main worry with China's new national security law seems to be the effect it will have on its businesses, rather than on free speech. 2020-11-07T03:02:35.908Z, When the tax inspector calls without warning Though Altmaier insisted that “protecting human rights as well as contract compliance are the basis for good economic relations,” both he and the German government have faced harsh criticism at home and abroad for what some consider its toothless approach toward China. Legal notice | Germany wants to conclude the agreement by the end of the year, but Altmaier stressed that "the European Union will not conclude an investment agreement at any price.".
“I still believe that change can be achieved through trade,” Peter Altmaier tells POLITICO. 2020-11-06T20:29:58.983Z, Construction: Webuild builds a construction giant in Italy
"As a result, the growth forces regained the upper hand very early on.". Asked whether he was worried about the law's extraterritorial scope, which in theory targets criticism of China even abroad, Altmaier said he wanted to make sure this would not affect German companies. “We have trade relations with many regions across the globe, including in many cases countries that have a different understanding of civil rights than we have in Germany.”. The corona pandemic showed that supply chains that are very one-sided lead to dependencies and are prone to interruptions, he said with a view to China. China implemented Hong Kong's so-called national security law at the end of June that covers offenses such as succession, subversion of state power, local terrorist activities and collaborating with foreign forces to endanger national security. Committee boss Kaeser also reiterated his conviction that the EU must formulate its economic policy interests more clearly and uniformly in competition with the USA and China. Germany has promoted dual training there so that qualified workers are available. Contact Altmaier, who previously served as Chancellor Angela Merkel’s chief of staff and remains a confidante, said this strategy — known in German as Wandel durch Handel (change through trade) — had worked with the former Soviet Union and remained at the core of Germany’s approach to difficult regimes across the Middle East, Africa and Asia.
German companies and politics should promote the qualification of employees, as was done earlier in China. Critics fear it will quash dissent and jeopardize Hong Kong's special status within China. Chinese authorities have defended the law, saying it is a necessary measure in response to the turbulent, sometimes violent, pro-democracy protests in 2019 and to prevent similar protests in future. Economics Minister Peter Altmaier and the chairman of the Asia-Pacific Committee of German Business (APA), Joe Kaeser, have called on German companies to look for more alternatives to doing business in China in Asia.
The bill sparked a wave of criticism and concern on the part of several world leaders, including the European Union chiefs.
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