BRUSSELS: Chancellor Angela Merkel on Wednesday said Germany makes “independent decisions”, firing back at US President Donald Trump after he accused Berlin of being a “captive” of Russia.
“I myself have also experienced a part of Germany being occupied by the Soviet Union,” Merkel, who grew up in communist East Germany, said as she arrived at a tense NATO summit. “I am very glad that we are united today in freedom as the Federal Republic of Germany and that we can therefore also make our own independent policies and make our own independent decisions.”
Relevant pieces published earlier:
i) German Chancellor Angela Merkel on Wednesday warned US President Donald Trump against unleashing an all-out trade war after he threatened to impose steep tariffs on cars from the European Union. Both sides were already locked in a “trade conflict” since Trump’s decision to slap punitive tariffs on steel and aluminum imports, said Merkel, adding that “it is worthwhile to prevent this conflict from becoming a real war”. The EU has slapped tariffs on iconic US products including bourbon, jeans, and Harley-Davidson motorcycles, as a symbolic tit-for-tat response to the metals duties. Taking aim at Trump over his complaint that the EU, and in particular Germany, is running a massive trade surplus against the US, Merkel said that his calculation is skewed as it is based only on goods, not services. (Published on 4th July 2018)
ii) German Chancellor Angela Merkel said Thursday she would back opening talks with trading partners on lowering automobile tariffs, in what appeared to be an olive branch to US President Donald Trump as the EU battles to dissuade him from imposing hefty levies on European cars. But Merkel said that any negotiations on lowering tariffs in one area could only be conducted with “all the countries with which we have traded in cars,” rather than just with the United States. A deal with the US alone “would not conform with WTO” rules, she said. “We can either have negotiations about a wide range of tariffs, for 90 percent of goods,” Merkel said in a reference to the stalled talks for a transatlantic free-trade deal known as TTIP.
“Or we can talk about one type of goods, but then we must accord the same treatment to all trading partners of the world. That’s an option I could imagine,” she added. Merkel’s offer came after US ambassador in Berlin, Richard Grenell, hosted bosses of Germany’s biggest car firms for talks on Wednesday when he called on the EU to bring tariffs to zero on car imports — in exchange for equal treatment by the US. Noting that the EU will negotiate as a bloc, Merkel said European Commission chief Jean-Claude Juncker would be heading to Washington for talks in a bid to head off a trade war with the US. Trump on Sunday charged that Europe is “possibly as bad as China” on trade, as he reiterated that he is mulling import taxes of 20 percent on EU cars, after having already imposed punitive duties on steel and aluminum. (Published on 6th July 2018)
15 countries attending Int’l plastic products expo in Tehran
TEHRAN: Iranian Deputy Petroleum Minister Reza Norouzzadeh and other officials from the country’s oil and petrochemical industry participated in the inauguration ceremony of the ‘Iran Plast’ exhibition.
The biggest-of-its-kind in the Middle East, the exhibition hosts as well as visitors from 22 countries. Iranian petrochemical companies are planned to engage with their peers in other countries during the event.
The 12th edition of Iran Plast exhibition is underway in Tehran International Permanent Fairground. The four-day event is expected to wrap up on Thursday, 27th September.
USCS leads Pak businessmen to Solar Power Trade Event in US!
KARACHI: The United States Commercial Service (USCS) is leading a 15-member delegation of Pakistani companies to Solar Power International (SPI) trade show, held in Anaheim, California from September 25 – 27, 2018.
The SPI trade show is the largest solar show in North America. SPI 2018 is expected to attract over 650 exhibitors and over 20,000 attendees from more than 100 countries. Focused on providing the latest updates and information for the solar energy industry, SPI features multi-track conference sessions and workshops on business and market trends, solar storage, utility, and grid integration.
“The Pakistani market is poised to take off in Solar Power, guided by a motivated government working to strengthen and expand economic and foreign investment opportunities and development,” said Mark Russell, Commercial Counselor at the U.S. Consulate in Karachi.”
Chinese industrialists to invest $400 m in Sindh
HYDERABAD: The industrialists belonging to China’s Chongqing Federation of Industry and Commerce will invest $400 million in several trade and industrial projects in Hyderabad and other parts of Sindh.
The federation’s representative Zhang Yang informed a press conference at the office of Hyderabad Chamber of Commerce and Industry (HCCI) here Sunday that a memorandum of understanding (MoU) has already been signed in this regard. Yang informed that the MoU, which would last for 5 years, was signed between the Federation and HCCI in China in May this year.
He said under the MoU the investments would be made in steel, textile, and clothing, real estate, agriculture, tourism, education and training, municipal and solid waste disposal sectors. “We have declared Chongqing and Hyderabad as the friendly cities,” he told, adding that up to 34 industries and investors from Chongqing would make their investments in the joint ventures in Hyderabad and other cities of Sindh.
He told that the industrialists from the 2 cities had already maintained a promising cooperation in the industry. “We now want to further bolster the business ties in the steel, textile, real estate, and other sectors,” Yang said. He said Chongqing was a beautiful city in China and that it was home to the automobile and motorbike industry.
The Chinese businessmen said Hyderabad was a favorite place for investment where the Chinese industrialists intended to introduce advanced technology. He informed that Hyderabad was selected for the investment after HCCI submitted investment proposals to the federation. “This MoU is part of the CPEC as 34 Chinese companies will be making investments in various sectors,” former HCCI president Seth Goharullah said.
The HCCI’s vice president Ziauddin, who signed the MoU with his Chinese counterparts earlier in China, apprised that a formal agreement between the mayors of Chongqing and Hyderabad would be signed in October in Pakistan. He told that the Chinese delegations would visit Hyderabad and sign agreements with the local companies. According to him, a sub-office of the federation was also established in Hyderabad’s SITE area and it would also be inaugurated in October. The office bearers and members of HCCI were present on the occasion.