28463 members and growing – the largest networking group in the maritime industry!


Wednesday, April 25, 2018

Maritime Logistics Professional

Posted by June 27, 2017

Merkel Sounds Conciliatory Tone on Trade before G20 Summit

Angela Merkel (Photo: Federal government / Kugler)

Angela Merkel (Photo: Federal government / Kugler)

German Chancellor Angela Merkel said on Tuesday that global trade was not a zero-sum game and that she would seek to establish a rules-based commerce system that benefits all, striking a compromising tone before a G20 summit next week.
Merkel, who will host leaders of the G20 leading economies next week at a Hamburg summit where trade is expected to be one of the most divisive issues, added that Germany's large trade surplus was partly the result of factors beyond her influence: the ECB's expansive monetary policy and energy prices.
"My vision of globalisation is that in the global and interconnected world we need a rules-based trade system where all sides can win," Merkel said. "There is also an understanding of globalisation that there are winners and losers as if it is a zero-sum game and I don't believe in this."

(Reporting by Joseph Nasr; Editing by Thomas Escritt)
Germanyenergy pricesEuropean Central Bank