You uphold its environmental and social values without choking off the business and trade . My guess bet long us as it can insured. Hes chairman of the International Trade committee for the parliament. And we spoke just before the parliament voted for a new law that requires Larger Companies to scrutinize their supply chains for human rights or environmental violations. Or begin the interview by asking long about his own home government, germany, and how it withheld its vote for the measure. Now, part of the government in berlin says that the new law is unfriendly for business. A really disappointing. Com because we havent drum and the Due Diligence legislation on to i guess it was a u. P in this nation is german legs. Nation but improved on that for, for me it makes no sense to abscess, obsession into accounts. So, but its linked to the situation, the Coalition Government in germany. So the smallest poppy of solution. Theres always some elements where they thought they can make a point in the domestic policies, icing on the right. But its not my job to jots about that. But listen to, to the new legislation, its really an improvement because we are looking not to on the, on a checklist basis. So every company has to fulfill the same obligations be, are looking for over space approach, because its really different. If you uh, importing to meet from canada on a t shirt from bangladesh. And lets look well, possibly the list of violation of international they must. And thats a International Environment to a conventions. All dependents government agreement happens and not have an obligation to everybody. You mentioned the Coalition Government, its the, the sort of business friendly, free democrats were against this. And the coalition. As you said, no, i dont think that the business went to me because theres a coalition of business. People say we want it even cheap on the beach but, but, but dont they have a point when they say that it raises more bureaucratic hurdles at a time when most Member States and businesses want fewer hurdles and better trade . Is this not one more impediment for that . No, because we have to struggle not in falls and of course we have and several other Member States, no, no info. So there is a competition. This of bondage in germany. Businesses are also complaining about the german law, of course. And secondly, this german law has to be improved behalf this checklist approach. 4 to 3 question for everybody. And then some additional question. Not it was based approach. And yes, well see you on some little cryptic version, but you would use so the reporting applications like so. This is of course, a difficult time for europe when we look at the economy, especially germany and its struggling economy right now. The measures like the supply chain long, do they not put a burden on businesses at a time when they need fewer of those. And its not just that law, but we spoke earlier today to the indonesian and bassett, or to germany. The u is negotiating a free trade agreements with indonesia right now, and he points to the use deforestation measures anti deforestation, i should say, which attempts to certify for his products from some countries where deforestation has been a problem. Indonesia says its too much of an impediment for them. And that its blocking that free trade agreement. These kind of social and environmental laws that the you is pursuing. Is that not an impediment right now when, when trade more than anything is necessary . So look, we are all on the whole bill looking for more sustainability and we need this, i guess as a result of that as climate agreement to reduce c o 2 emissions worldwide. Andrea c i o conventions International Standards for labor wides. And we have some environmental conventions from the united nation. So these are this upcoming goods. Now looking how to age can really benefit in the, the, the implementation Offices International from so its not your pin manuals or you p in the biggest lease not youll be in the vision of, of so society. Its a unit of also a prospect for people and the environment and, but this isnt not the getting the way of that kind of changes into these. I dont have a point. Then we have to look how to can, how we can implement add a long discussion, was environment minister of that was it. But then this is why looking on different stage how we can, when you chose the situation. Whats about g o localization can be use, you would be in the satellite pictures. Thats how we can sort divide to products once about disability. We have some certification systems in was it . So how we can Work Together hand in hand, in 2 partnership and at the end of this conversation. So its yes, its really helping also my goal. Its for the bazillion society and perhaps we missed a little bit the, the correct communication and also was in yeah, im quite happy thatd be a mega sitting. No. Was in the comprehensive, straight agreement. They agreed to negotiate on every thing thats important as a defense to a 2013. We always stops of the legacy and the last time. And now we have to look whats the situation of the ball and how we can implement some of the measures in such a trade agreement. Im quite optimistic that this leads to an result. You mentioned brazil, brazil, of course, one of the macros or countries with which the he was trying to finalize this trade agreement. Thats also been stalled in part because of concerns over climate issues. In this case the amazon base and no, no, no, thats not true. But that is part of the hesitation to many countries, been the process not on the part of a level, perhaps . No, no, look. Its reading the news and thats to it. Negotiations. Really phase because of the sustainability pots. We have really this costs. Well see. Nicholas who countries on the see an additional total cost taking on both the interest and this reading. And also it was australia, those agreements fated because of the interest of from us in this case of use it was to be a yeah, it was a lovely and were joining by advocacy groups pointing at the amazon base and issues that strengthens that protest against many of these agreements is that not sure what is on the macro . So creating its on all the domestic farm was the sphere because fonts that nope, on any way. So see top perhaps, but macro so never. And we have also some similar discussion and some of them in the state. So we have to really focus on the culture of sect on both sides. Thats for sure how to improve the living conditions. We move on to the us. Is europe ready for new trade tensions in the coming year . So nobody is hoping that to bump will become pleasant. And again, of course we, uh uh, a sort of a tool box full of defensive matters. Likes the under promotion is cement which was developed to because of the drums and p, a message. If we would establish a digital text in your and you would like to tell us a new being costs on. So you want to use trade and investment as a political veterans, and therefore we have now new in some hoops to be ready to defend our economy interest. So we have a tool box ready at 3 out of so not to switch to go to w to our end to us. Certainly of course we are trying to calm down little bit the situation. We have this a trade and technology accounts. So to establish some, im working with notions on so on, but theres lots of, theyve been disappointment that an agreement wasnt hashed out. Whats deal for example, hasnt that been something of a failure . You know. Yeah. But you have to recognize institutions in United States as change. They really focus not on domestic issues and they are not so much dependent on what to expect as European Union is. So thats a fact thats we have to, its like its not, its not accept but to nice. And im quite sure that say, but its not sticks to the rules of w 2 in all cases. So on to that, for, we have to use our own defense instruments. Nevertheless, the United States, as the biggest trading problem, isnt likely the trades engines are like, are going to rise even if President Biden is re elected. Given that europe is sending more of its exports, especially germany to the us, which has a strong economy. We talked about china is their concerns, but it has over capacity. Um, is this really just a trump thing, or is it possible that with consumption being so low here on the continent being so low in china that the us, regardless of whos leading is going to look and say, this isnt in our favor. If so much trade is coming from these countries, and im not sure that this is true about as the excellent policy is in going into sort of action. This is a really and change of development to yeah, its really an openness of the us economy. The account on w t o was founded on somebody us and now its going back to the state to the economy and really a, to a protective measures. And this inflation reduction was created by the democrats and by north cause and having this huge range of local content which leads to the investment in your investment in the United States. Thats not really for. Yeah. And also not deny the subject to roads, but this is a policy across biden is more thats a positive and we can really agree also on spent and some send us and some future orientation issues like the official drugs and Risk Management of that spot. There is a new direction of Economic Policy in the United States. Thats for sure. We have to live. Oh, is this i guess from the arrest . We have possibly room for a provision. And some of those not trust, we have different interests globally, sends United States. Do you see over capacity from china as a problem . Its being reported as such and many places. What is the concern . This has long been a claim that china has put too much on the markets. What exactly is the problem . The level of ease, if this of a couple of cd is fine ons by legal subsidies or is on the compass. It is put on the market to be no production costs. So subsidies are dumping and then we have our instruments and we are using that on about 80 percent of our on to subsidies on deducting cases, idea of acting against that are coming from china. Also, chinese defects on the well, we have globally a big over capacity in china or look to the solar pendants thatd be established some years ago. So on the subsidies tablets. But of course, china is big and that they have the advantages of economic of scale. And so we have to deal with this is you want to have some production really pop up climate, new rate on that for we establish also the sea palms to make clear that in future. Also input products have to be priced on the c u 2 content, and this would be also a limit a little bit. So steves inputs coming from china until the use of our capacity is this. Um, lets say a phrase of overall capacity is a little bit complicated because you have folks when youre looking for a city and competency, weve got into the u. S, which extends up to a to get ahold of us a so that it has to be filled out. Thats really the important issue thats the level Playing Field has to be counted. Thats question. Are you optimistic or pessimistic . When you look at the coming years and trade free trade, european trade, its challenging, we have to deal this uh, fragmentation of globalization. Thats for sure. And therefore we need some defensive measures. And we need a whole a net of trade agreements in to partnership with see the live of the possible. All right, how long a thank you so much. Thanks a lot to the fashion for big stars, me and mckinney implant of q data against all odd david, a veto has chase down history to see that the from the Community Like with this time for you to become somebody like now the big time designer is encouraging people from to bid are to follow their dreams to global us. Next on d w, as we say there is never giving up every weekend on the w, the star again steals the kenyan Fashion Design that and his brilliant future, the delicious co fee that sustainable to we check out the unappetizing comp tale that makes it possible. And is even the basic housing the coming in luxury invest is praying on us tre, the parks, the