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Letzte Aktualisierung: May 30, 2022

Germany refuses trade subsidy over Xinjiang

The German Federal Ministry of Economics and Technology is changing course toward human rights. For the first time, it has refused investment guarantees to a company – with reference to the situation in Xinjiang. But this is just the beginning. Once the Supply Chain Law comes into force, the rules will become even stricter.
Finn Mayer-Kuckuk
Finn Mayer-Kuckuk
German Minister of Economics Robert Habeck intends to make values the guiding principle of trade policy – and is making an example of VW. "A company that also operates in the Uyghur province wanted to extend investment guarantees. We are not agreeing to that," Habeck told the German newspaper Welt am Sonntag. Human rights are being given "greater weight in German economic policy." It was the first time that such guarantees did not materialize because a company was associated with human rights violations. According to the German newsmagazine Der Spiegel, the company in question is Volkswagen.
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