Transcripts For DW DW 20240703 : vimarsana.com

Transcripts For DW DW 20240703 : vimarsana.com

DW DW July 3, 2024

Guess that long as it can insure it. 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 longer about his own home government, germany and how it withheld. Its. Busy 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 european legs. Nation is german legs, nation but improved on the far from 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 also coalition as 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 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 are importing to meet from canada on a t shirt from bangladesh. And lets look without a possible 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 . You know, because we have to struggle a lot 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 for 23 question for everybody. And then some additional question. Not it was based approach. And yes, we see repeated on some little cryptic version, but you would use so the reporting applications, for example, 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 to, 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 things. Its not your pin manuals or you people like us, least not. Youll be in the vision of, of society it to you. And youve also a perspective 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 with the environment minister of that was it. But then this is why looking on the solicitation, how we can, when you chose the situation. Whats about g o localization can be use, you will be in uh, 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 to 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 megacity. No. Was in the comprehensive straight agreement. They agreed to negotiate on every thing thats important as a defense to a 2013. We always stopped the legacy and last time. And now we have to know 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 manufacture has 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 will see nicholas who countries on the say in this new total cost taking on bought the interest and this ready. And also it was australia. Now, those agreements favored because of the interest of, from us in this case of use, it has to be a yeah, it was the lobby in, were joining but 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 america so create and its on all the domestic farm was the sphere because fonts that nope. On. Anyway. 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 trump will become pleasant. And again, of course, the, uh, uh, a sort of a toolbox law of defensive matters. Likes the under the russian instrument 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 pin costs on. So you want to use trade and investment as a political veterans. And therefore, we have no new in some who needs to be ready to defend our nomic interest. So we have a tool box ready on 3 out of so not afraid to go to w to and to us. Certainly, of course we are trying to calm down a bit the situation we after this a trade and technology accounts. So to establish some, im working with notions and so on. But theres lots of, weve been disappointment that, that an agreement wasnt hashed out with steel, for example, hasnt that been something of a failure . You know. Yeah. But you have to recognize. Its assumed here. Some of the United States has change. They are really focus not on domestic issues and they are not so much dependent on im an expert as your opinion is. So thats a fact thats we have to, its like its not, its not accept but to nice. And im quite sure that they, 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. And there was an s, a United States, a still biggest rating. Is it likely the traits 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. So 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, im not sure that this is true about as the actual policy is in going into sort of action. This is a really and change of development to yeah, its really an openness of c, us economy, the god on something you deal was founded on somebody us a know its going back to state the economy and really a, to a protective measures in this Inflation Reduction Act was created by the democrats and buying of cause and things is 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 of course, biden is more thats a positive and we can really agree also on spent and some send us and some future orientation issues. Like if its an emergence 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 its, and the rest of us possibly room for corporation and some of those not trust we have different interests globally funds. United states. Do you see over capacity from china as a problem . Its being reported as such in 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 in 2 of them is if theres a couple of cd is a fine ons by legal subsidies or is over capacity is put on the market to be no production costs. So subsidies are done pick and then we have our instruments and we are using that. So on to about 80 percent of our on to subsidies on the done cases are directed against without coming from china. Also, chinese defects on the real. We have globally a bit of publicity in china or look to the sol opinions by the established somebody is a good watch. 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, you want to have some production really pop up climate new to the rate on that for we establish also is a c bombs to make clear that in future. Also input products have to be priced on the c u 2 content, and this would be also an image 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 also in your overall capacity and competency was not going to the us when he expects us to, to get ahold of us a so that it has to be for. Yeah, thats a really important issue thats the level Playing Field has to be done. Thats the 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 debate agreements in to partnership with. So these are the live of the possible. All right, how long a thank you so much. Thanks a lot to be our own Health Advocates by turning into your own x. Best way. 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