Facts about Germany 2015 2015 - Page 67

The Port of Hamburg, where around 9.7 mil- Germany is involved in shaping globalisa- lion standard containers are processed each tion in various ways, be it through formu- year, is a gateway to the world. lating regulations for international trade, regulating financial markets, or managing Commitment to fair and cash and foreign currency. Given faltering free global trade multilateral negotiations (the Doha Development Round), close attention is being Germany supports open markets and fair, paid to bilateral EU free trade agreements. free trade based on clear and reliable regula- Primarily, extensive treaties with the USA tions. Among other things, the country pur- (Transatlantic Trade and Investment Part- sues these goals with the three pillars for nership, TTIP) and Japan are currently un- the promotion of foreign trade. These in- der negotiation. The EU-Canada Compre- clude 227 German diplomatic missions hensive Economic and Trade Agreement abroad, 130 German Chambers of Com- (CETA) has been freshly negotiated. The EU merce Abroad (AHK), delegations and repre- Free Trade Agreement with South Korea, sentative offices of the German economy in the first with an Asian country, has been in 90 countries, and Germany Trade and Invest force since 2011; since that time exports to (GTAI), the economic development agency South Korea have risen each year by some of the Federal Republic of Germany. They all 10 percent. In 2015 the EU and Vietnam help small and medium-sized enterprises adopted a free trade agreement, the first of penetrate new markets and endeavour to its kind between the EU and a developing improve framework conditions. country. Global market hubs: as many as 10 million visitors attend the major trade fairs annually