Germany’s leading business executives will meet the press this week and dare to do something they usually take pains to avoid: Take a political position.
Heads of car companies, such as Martin Winterkorn of Volkswagen Group and Dieter Zetsche of Daimler, will be in Berlin explaining why free trade with the U.S. is so important for the industry and requires passage of the Transatlantic Trade and Investment Partnership (TTIP).
“Yes to TTIP” is their robust reponse to those yelling “Stop TTIP.”
The European Union has been negotiating for over a year and a half with the U.S. over a common trading zone without customs and other obstacles such as production standards.
This is seen by proponents as a way to create new growth and increase prosperity for all countries. The broader thinking is that countries freely exchanging goods tend to treat each other amicably rather than belligerently.