Archive for the ‘Germany’ Category

Germany’s industrial sector experienced notable growth in September, with new orders rising by 4.2% from the previous month, marking a robust performance and highlighting the country’s resilience in global trade. Driven by substantial large-scale orders across key sectors such as aerospace, maritime, and transportation, this growth exceeded analysts’ expectations and underscores Germany’s continued appeal in […]

Economic Development, Germany, News

October 24, 2024

Germany is taking a proactive step to bolster trade opportunities for developing economies and least-developed countries (LDCs) by pledging EUR 150,000 (approximately CHF 140,000) in 2024 to the Standards and Trade Development Facility (STDF). This initiative aims to strengthen sanitary and phytosanitary (SPS) capacities, enabling these nations to access global and regional markets more effectively. […]

Germany, International Trade

October 9, 2024

Germany’s export sector has shown encouraging signs of growth, with a reported increase in August that highlights strong international demand, particularly from the United States and the United Kingdom. Official data from the federal statistics office revealed a 1.3% rise in exports compared to the previous month, defying earlier forecasts that anticipated a slight decline […]

Germany, International Trade, News

July 29, 2024

Germany has designated Malaysia as a significant export and trade hub, expanding its trade strategy beyond reliance on China. This move supports Germany’s derisking approach, which aims to minimize dependence on a single nation. Prime Minister Datuk Seri Anwar Ibrahim announced this shift, highlighting a notable increase in visits from foreign trade ministers to Malaysia. […]

Africa, Germany, International Trade, News

October 30, 2023

German Chancellor Olaf Scholz held discussions with Nigerian President Bola Tinubu during his West Africa tour, emphasizing trade and investment prospects. This visit reflects Germany’s interest in diversifying its trade partners and expanding economic collaborations in the resource-rich West African region.   During their meeting in the capital city of Abuja, Scholz emphasized the need […]

Germany, News, Trade Policy

October 25, 2023

In a recent development, Süss MicroTec, a leading German chip-making equipment supplier, has revised its sales forecasts downwards for the second time in just three months. The company attributes this revision to heightened government controls affecting exports to China, which have created significant disruptions in its operations and financial outlook. Consequently, the news sent shockwaves […]

Europe, Germany, International Trade, News

October 20, 2023

In a significant move to empower developing and least-developed economies (LCDs) in the realm of global trade negotiations, the German government has pledged EUR 500,000 (approximately CHF 480,000). This generous contribution was formalized through the signing of a Memorandum of Understanding by Germany’s Alternate Permanent Representative to the World Trade Organization (WTO), Bettina Waldmann, on […]

In an unexpected move, Christian Lindner, the German Finance Minister and leader of the German liberals, has extended an invitation to the United Kingdom to explore “new steps” in their post-Brexit trade relations with the European Union (EU). Lindner’s gesture, made during a BBC interview, has raised the prospect of reducing trade barriers and addressing […]

Germany, International Trade, News

September 26, 2023

A recent survey conducted by the Ifo economic institute revealed that sentiment among German exporters has deteriorated significantly in September, reaching its lowest level since May 2020.   The Ifo institute’s export expectations indicator, in its fifth consecutive month of decline, dropped to minus 11.3 points in September, down from minus 6.5 points in August. […]