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Habeck seeks China alternative

Minister of Economics Habeck at the Asia-Pacific Conference in Singapore

The timing could hardly have been better for Economics Minister Robert Habeck. While he was sitting in the government plane on Friday evening on his way to the Asia-Pacific Conference of German Business in Singapore, the coalition factions in Berlin reported a breakthrough in trade policy: on the one hand, the SPD, Greens, and FDP agreed to bring the long-disputed CETA agreement between the EU and Canada fully into force. Secondly, new free trade agreements with Mexico and Chile are now to be launched swiftly. This is “a milestone in trade policy,” said Habeck, commenting on the agreement, which is based on his initiative.

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