Employers' view

Trade Deal Makes Business Sense

ARCHIV - Das Containerschiff «Kyoto Express» der Reederei Hapag-Lloyd wird am 19.03.2012 auf dem Container Terminal Altenwerder (CTA) der Hamburger Hafen und Logistik AG (HHLA) im Hamburger Hafen umgeschlagen. Der Hamburger Hafenkonzern HHLA hat 2013 mehr Waren umgeschlagen als im Vorjahr. Aber Investitionen sowie hohe Personalkosten drückten den operativen Gewinn. Foto: Christian Charisius/dpa (zu dpa «Hafenbetreiber HHLA mit Geschäftsausblick 2014» vom 27.03.2014) +++(c) dpa - Bildfunk+++
Trade at Hamburg's port.
  • Why it matters

    Why it matters

    The proposed Trans-Atlantic trade deal has been attacked by some consumer groups on both sides of the Atlantic and is in serious danger of being shelved.

  • Facts

    Facts

    • The Transatlantic Trade and Investment Partnership, or TTIP, would lower tariffs and duties, standardize regulations and simplify investment in Europe and the United States.
    • The deal has been criticized by groups who allege it would lead to a lowering of local hygiene and safety standards.
    • The United States is set to fast-track negotiations but European states are wary.
  • Audio

    Audio

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Germany has achieved a lot through open markets and international trade. Our exports are enormously successful and are in demand all over the world.

So it is inexplicable why a new isolationism has run rampant in this country recently. If the Transatlantic Trade and Investment Partnership deal between Europe and the United States were to be indiscriminately rejected, it would be nothing short of isolationism.

There are already strong business ties between Germany and the United States. The country is our most important export market outside Europe and the most important investment location for our companies.

Just as significant is that Germany and the European Union share fundamental values with the United States – democracy, rule of law and human rights. Those have unfortunately not been a high priority in many other countries in the world.

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