Saturday, March 25, 2017

Britain became the first trading partner of Germany as BerlinLondon pact deepens

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Britain became the first commercial partner of Germany as Berlin-London pact deepens.
New data from the Bundesbank showed that the Anglo-German trade in goods and services soared to 153bn in the first nine months of 2012, exports and imports growing at double-digit rates.
He is one with the United States to 149bn fastest growing trade relations in the developed world behind France at 150 billion was left as trade stagnated, and China 115 billion.
David Marsh of the financial group OMFIF said the trade swing emphasizes sobering truth that the fundamental interests of Germany are moving away from the center of the eurozone Berlin embraces the wider world share of EMU German trade increased from 46pc to 37pc since the launch of the euro moved to Asia and Eastern Europe and the Anglo-sphere.
Exports of British goods to Germany rose 20pc in the first three quarters compared to the previous year, despite the economic downturn The increase was led by medical equipment, medicines, auto parts and petroleum products the deficit with Germany narrowed slighty 17 billion, a sign trade becomes more balanced.



Although rarely acclaimed British suppliers and manufacturers are deeply integrated into the German industrial machine monitoring and enjoy advantages of German exports to the rest of the world.
Ships Pailton engineering precision steering systems for cars and trucks of his small factory in Coventry, one of many engineering companies in the UK related to the Wirtschaftswunder.
The two economies have become entwined, and Britain is the largest investment destination for German companies, despite hainving currencies.
The automotive group BWM built engines for the BMW 1 and BMW 3 Series at Hams Hall near Birmingham, which are then shipped back to Germany for another set The Siemens engineering conglomerate exports turbines and a host of compenents made in Great Britain Germany.



The British sorpasso de France is a troubling time for Paris, which celebrates the 50th anniversary of the Elysée Treaty between the Rhine powers, once all-powerful axis for Europe, but now fraying marriage who lost magic and relevance since German reunification.
Germany Angela Merkel has crossed swords repeatedly with the Socialist leader of France Francois Hollande on the crisis in the euro zone and Berlin fears that France may become a liability for the eurozone after the postponement of the hollow reforms and allow balloon public spending to 55pc of GDP.
The trade surplus of Germany with France rose 13pc last year to 28 5 billion France is a key market, but it is fast decreasing in relative terms and the language of the body politic is clearly changing .
Merkel has quietly supported his fellow Conservative David Cameron, to intervene to prevent the British isolation in the EU summit the two leaders have a broadly similar view of the open world trade, the EU's competition policy, and budgetary restrictions clearly Merkel, he goes out on a limb to try to keep Britain in the EU, said Holger Schmieding of Berenberg Bank.


Charles Grant, director of the Center for European Reform, said Merkel will bend over backwards to help Britain by providing guarantees for the city and supporting market reforms, but only up to a point they will not agree to repatriate powers or UK cherry pick which parts of the EU, they want to belong, he said, warning the Conservatives not to exaggerate their hand.








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