European Commission’s New Trade Strategy Brings Opportunities for German Automotive Industry
Automotive Industry European Commission’s New Trade Strategy Brings Opportunities for German Automotive Industry
02.03.2021Editor:
Nicole Kareta
In mid february, the European Commission published a communication on the EU’s new trade policy. The German Association of the Automotive Industry welcomes its clear signals concerning multilateral cooperation, free and fair world trade and sustainable growth.
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“The new alignment of European trade policy can contribute greatly to a sustainable growth model consistent with European business interests by providing clear guidelines,” said VDA (German Association of the Automotive Industry) President Hildegard Müller. The new strategy shows, according to Müller, that the European Commission was rightly adding sustainability and fairness to its free trade and globalization agenda. In addition, it aimed for a “level playing field” with appropriate countermeasures permitted to tackle cases of unfair competition. Müller continued: “However, it is important that the new alignment does not lead to protectionist measures. An impact assessment should therefore be undertaken for each measure.”