German Minister for Economic Affairs and Climate Action against "de-globalization"
Berlin - "That would mean withdrawal, isolation and nationalism," he said on Sunday before his trip to the World Economic Forum in Davos. The strength of alliances is currently more in demand than ever. "Instead, we have to shape the political framework in such a way that the focus is on global cooperation based on clear and fair rules."
Accordingly, one should also shape world trade in the future. Agreements would have to recognize "that sustainability is the essence of trade, not a nice-to-have", according to Habeck. "As long as a reform of the WTO is blocked, we should rely on bilateral trade agreements with clear standards."
One goal is to reduce one-sided dependencies by operating more diversification and risk prevention. "More and better cooperation makes us more resilient and protects us." Habeck was also critical of the World Economic Forum.
This is considered a "symbol of the unbridled globalization that fuels the exploitation of people and resources, prepares the ground for financial crises and has exacerbated social inequality". Globalization needs rules, and in order to shape them, people with power have to talk to each other. That is Davos' chance, but in view of the high fees, the WEF is currently an "exclusive place", which leaves the knowledge and impulses of social interest groups outside.
"The World Economic Forum should not isolate itself," demanded the Green politician. After a break due to the pandemic, the annual meeting of the WEF will take place again physically from Sunday to Thursday in Davos, Switzerland. The Ukraine war, the corona pandemic and climate change are to be the focus of this year's meeting.
Source: Der Newsticker
Photo: OstbelgienDirekt
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