He pointed to Britain’s planned exit from the European Union and aired his frustration about public demonstrations in Germany in recent weeks against the Transatlantic Trade & Investment Partnership (TTIP), a trade agreement being drawn up between Europe and the U.S. that would strongly benefit Germany, Bock said. Trump is likewise against TTIP and is also going to propose changes to the North American Free Trade Agreement, Scott Lucas, a professor of American studies at the University of Birmingham, recently told the BBC. “Welcome to protectionist America,” he said. Although Bock anticipates no letup in the economic and geopolitical headwinds, neither does he consider BASF’s business model to be in trouble.
by Alex Scott |
November 21, 2016