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Federal Elections and Globalization

Editorial

Globalization and the integration of German companies into world markets continue to advance. For this reason, it is increasingly important for our economy that the Federal Government pursues an active foreign economic policy. German companies can enjoy global success only if they are able to prove their innovative strength and performance by competing freely in foreign markets. Thus, shaping globalization remains one of the main tasks of German policymakers in this election year and beyond. We take a look at the challenges for the next federal government and for the Bundestag in the area of foreign economic policy. Ahead of the election, we want to make recommendations for policymakers from the perspective of German industry.

Dr. Stormy-Annika Mildner

Evaluation of Foreign Economic Policy in the 18th Legislative Session

In the 18th legislative session, the Federal Government and the Bundestag further developed the legal and economic framework for companies that are active internationally. As Stefan Mair, Member of the Executive Board of the BDI, explains, the economic ties with important foreign markets have improved, the promotion of foreign trade has been further developed, and progress has been made in development cooperation. However, much remains to be done in the area of trade and investment policy.

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Opinion Joachim Pfeiffer

Promoting Open Markets and Free Trade

Open markets and free trade are the German industry’s recipes for success. But through a growing number of trade restrictions, states are increasingly seeking to protect their domestic companies from foreign competition. Joachim Pfeiffer, spokesman on economic and energy policy for the CDU/CSU parliamentary group, explains that CDU and CSU will continue to promote open markets and free trade in the future.

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Opinion Bernd Westphal

Free Trade Agreements are Instruments for Shaping Fair Trade

The mutual opening of markets offers new market opportunities for our companies. Every fourth job in Germany depends on the export sector. Fair access to markets, mutual recognition of professional qualifications, and instruments protecting against dumping measures must be included in future trade agreements. This is the opinion of Bernd Westphal, spokesman for the working group on the economy and energy of the SPD parliamentary group.

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Opinion Dieter Janecek

More Free Trade – Multilateral, Ecological, and Fair

Globalization requires value-driven dynamics. Dieter Janecek, MP, spokesman for the parliamentary group of Alliance 90/The Green Party, explains that the EU can become the pioneer of a fair trade policy that in an intelligent way combines economic advantage with the global issues of fairness and the environment.

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Opinion Michael Theurer

Free Democrats Are Fully Committed to Free Trade

The Free Democratic Party (FDP) is fully committed to free trade. The goal is to conclude global agreements within the framework of the World Trade Organization (WTO). In the medium term, bilateral agreements are the way forward. Tendencies towards isolation must be unequivocally rejected and public approval of free trade must be increased. This is the view of Michael Theurer, MEP and leading candidate of the FDP in Baden-Württemberg for the 2017 election to the Bundestag.

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Synopsis

Overview of the Foreign Economic Policy Positions of the Party Platforms

In the run-up to the Bundestag election, all political parties that will be represented in the 19th Bundestag according to the latest opinion polls are busy discussing the issues of foreign trade and globalization. But the priorities that have been set and the weight given to these issues in the various party platforms differ considerably.

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Opinion Peter S. Rashish

Germany’s Number 1 Task: Renew the Global Economic Order

The new Federal Government should make the support and reform of the global economic order a priority. Possible avenues for achieving this goal include the revival of the TTIP negotiations, the strengthening of the Eurozone, and an investment in global relations with like-minded countries. This is the opinion of Peter S. Rashish, Senior Fellow at John Hopkins University.

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Core Demands of the BDI

Foreign Trade Policy: BDI’s Recommendations

Globalization is a driving force of the 21st century. It is the task of policymakers to shape its framework conditions. Since Germany benefits from globalization more than almost any other country, one of the main tasks of the next federal government should be to pursue an active foreign economic and trade policy.

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Imprint

Picture credits: BDI

Editorial staff: Matthias Krämer (V.i.S.d.P.), Julia Howald, Jana Tschernig, Zuhal Ünal

The responsibility for the content of external contributions rests with the respective author.

Publisher: Bundesverband der Deutschen Industrie e. V. (BDI) | Breite Straße 29 | 10178 Berlin
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