wto from a german perspective
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The WTO from a German perspective
Topics in WTO
14.05.2012 Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics
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Agenda
1. Introduction
2. Germany in the WTO
3. German commerce and foreign trade betweenChina and Germany
4. Criticism about German trade policy
5. Conclusion
14.05.2012 2Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics
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Why is this topic relevant?
What are the goals of todays presentation?
Learn something about:
German economy
European Union
Implications of a strong German economy
14.05.2012 3Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics Introduction
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Joined GATT in 1951
Germany has been a member of WTO since 1st of January 1995
Germany has paid 17,207,208 CHF contribution in 2011
Contribution in 2011: 8.856 % of the total WTO budget
According to WTO, Germany was the leading export country in terms of goods
between 2005-2009 (in terms of $-amounts) Sector oftrade policy since European community times a topic of EU
Germany does not represent an own policy anymore since
European Economic Community tariff union
German policy less explicit than others
(e.g. France) and somehow less transparent
14.05.2012 4Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics Germany in the WTO
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14.05.2012 5Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics Germany in the WTO
Comission WTO rounds
Comittees Other councils
European Council
of heads of state
Council of foreign
ministers
Others
(USA,Japan,)
France Germany
Other
European
states
information
suggests
mandates
instructions
negotiates
Bilateral agreements
Structure of negotiations from a German perspective
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14.05.2012 6Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics German commerce Interesting Facts
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Even though Germany is a leading exporter of services, mostly it
createstrade deficits in terms of services
This has 3 main reasons:
1. Although specific of German economy are well positioned, Germany
has to realize the potential of service trade as German export is stillfocusing on production
2. An important element of service is tourism and Germany is still one
of the world ranking tourism countries , Domestic and international
tourism accounts for 3,2 % of German GDP and provides 2,8 million
jobs3. Moreover, there are still barriers for trade of services who hinder
trade even within Europe as nowadays services as services account
for around 70 % of EUs GDP, but just for 20 % of European Trade
14.05.2012 7Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics German commerce Interesting Facts
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Trade volume of 144 billion between Germany and China in 2011
30 % of total Chinese EU-trade with Germany German exports to China are increasing again in the last two years and
have doubled since 2008
Especially car industry is very successful in China with a market share of
around 20 % and even more in premium segment
Moreover, Germany is exporting office machines, computers,
telecommunication devices, furniture, jewelry, music instruments and
sports equipment and toys
Expectations for German exports to China positive
German machinery still very popular in China
(accounts for around 29 % of all exports)
Wen Jiabao stated recently:
By 2015 we want to achieve a trade
volume of 280 billion Dollars
14.05.2012 9Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics Foreign trade between China & Germany
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14.05.2012 10Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics Foreign trade between China & Germany
export to China in billion Imports from China in billion
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Criticism about German trade policy
Germany has been criticized for its economical model by France and the US
Especially the amount of German exports and the small number of imports fromforeign countries have been criticized
WTO Director General Lamy defends Germany as
being a role model for other nations
Moreover, Lamy stated that he is happy about German exports and lists a
number ofreasons for this successful model like:
structural differences
Germanys ability to adapt to the demand and just being active in sectors where German
companies are competitive
continuous adjustment of its industry and welfare systems to stay competitive
Especially cooperation between government, labor unions, employers, and thefederal states in terms of economical decision-making is unique
System of consensus hard to transfer to other nations (only in small economies
like Norway or Chile)
14.05.2012 11Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics
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Conclusion
Germany became even more successful in trade since the
introduction of the
A new report by Citigroup shows that world trade will increase from
61% of global GDP to 86% in 2050
Germanys share of world trade will decrease to $6.37 trillion in 2030
and 3% in 2050 with $11.17 trillion
If Germany will also boost the trade of
services a bright future for Germaneconomy is probable
14.05.2012 12Jeremias Pappert
Huazhong University of Science and Technology Wuhan
School of Economics
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The End
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Thank you for your attention!
Any questions?
Huazhong University of Science and Technology Wuhan
School of Economics