German Finance Minister Klingbeil: Trade Wars Threaten Global Prosperity
German Finance Minister Lars Klingbeil stated ahead of IMF and G20 meetings in Bangkok that trade wars are harming global prosperity.
German Finance Minister Lars Klingbeil stated in Berlin that trade wars and tariff disputes are creating major instability on a global scale and reducing prosperity.
Emphasis on Global Instability
German Finance Minister Lars Klingbeil noted in his assessment in Berlin on Wednesday that trade wars and distortions in competition are generating serious economic costs on a global scale.
Call for Dialogue and Partnership
He emphasized that reliable partnerships and dialogue are more important than ever during this period marked by intense global crises and uncertainties.
Bangkok Visit and Schedule Change
Klingbeil announced that he would travel to Bangkok for the International Monetary Fund annual meetings and the G20 finance ministers gathering.
Following the resignation of German Labor Minister Baerbel Bas, Klingbeil was forced to cancel the India leg of his Asian tour.
Germany's Image as a Reliable Partner
Minister Klingbeil stated that he would hold talks in Bangkok to promote Germany as a stable and attractive business partner.
International Cooperation
German Development Minister Reem Alabali Radovan, who accompanied Klingbeil on the trip, expressed agreement on the need to strengthen international cooperation to cope with global crises.