Brief: VCI Director-General: Urgent Problems In Germany Must Finally Be Solved

Covestro AG

13/11/2024 14:23

Nov 13 (Reuters) - 
  
    * GERMANY'S CHEMICAL INDUSTRY ASSOCIATION VCI
DIRECTOR-GENERAL: 
STEPS TO STIMULATE GROWTH IN THE U.S., SUCH AS TAX CUTS, COULD
HAVE A POSITIVE IMPACT ON DEMAND FOR CHEMICALS
    * VCI DIRECTOR-GENERAL:  NO MATTER WHO SITS IN THE WHITE
HOUSE: WE
HOPE THAT THE U.S. WILL REMAIN A KEY TRADING PARTNER FOR GERMAN
CHEMICAL AND PHARMACEUTICAL INDUSTRY IN COMING YEARS
    * VCI DIRECTOR-GENERAL:  POSSIBLE U.S. TARIFFS ON EU
PRODUCTS
WOULD COUNTERACT THIS, CHEMICAL INDUSTRY COULD BE NEGATIVELY
AFFECTED BOTH DIRECTLY AND INDIRECTLY
    * VCI DIRECTOR-GENERAL:  HIGH TARIFFS ON CHINESE IMPORTS
COULD
ALSO LEAD TO U.S. IMPORTS FROM CHINA BEING REPLACED BY EU
IMPORTS
    * VCI DIRECTOR-GENERAL:  URGENT PROBLEMS IN GERMANY MUST
FINALLY
BE SOLVED
    * VCI DIRECTOR-GENERAL:  IT IS THEREFORE ALL MORE IMPORTANT
THAT
PARTIES HAVE NOW SWIFTLY AGREED ON A ROADMAP FOR EARLY GENERAL
ELECTION
    * VCI DIRECTOR-GENERAL:  OUR INDUSTRY NEEDS LOW ENERGY
PRICES AND
A COMPETITIVE TAX SYSTEM IN NEAR FUTURE
    * VCI DIRECTOR-GENERAL:  IT'S BAD THAT WE ARE VIRTUALLY
WITHOUT A
FEDERAL GOVERNMENT DURING ECONOMIC STAGNATION

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