China-Germany inter-governmental consultation
Assuming responsibility for the world trade system
VCI director-general Utz Tillmann looks into the relationship with China in the light of the international trade conflicts ++ Drive forward the market opening in China ++ Work with China for fair competition; further develop the WTO.
Currently, there are major shockwaves in the international trade system. This is of great concern to the globally intertwined chemical-pharmaceutical industry. In the run-up to the China-Germany inter-governmental consultation, VCI director-general Utz Tillmann looks into the relationship with China in the light of trade conflicts:
“It is China’s ambition to evolve from the workbench of the world into the global technology leader in innovative industries. Thus, the People’s Republic needs to assume its growing responsibility for the world trade system.” Tillmann emphasises that the German chemical industry sees a need for reform in China. Critical points include the limited market access for investors or state regulations that force investors to transfer technologies and know-how.
Use the global situation as an opportunity
Tillmann calls to see the complex global situation as an opportunity: “A further market opening in China would be a strong signal for free world trade.” Moreover, China and the EU should cooperate more closely for fair competition rules, also involving other partners. This is, inter alia, about subsidies and the protection of intellectual property – also within a further development of the WTO.
- VCI's most important arguments and positions on the topic „Trade Policy for Open Markets and International Rules"
The VCI represents the politico-economic interests of around 1,700 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media.The VCI stands for over 90 percent of the chemical industry in Germany. In 2017 the German chemical industry realised sales of more than 195 billion euros and employed around 453,000 staff.