Merkel is seeking to make it easier for the German arms industry to export weapons

Merkel Seeks to Ease German Arms Exports

November 8 (Spiegel) — Chancellor Angela Merkel is seeking to make it easier for the German arms industry to export weapons. In a position paper sent to Brussels recently, Berlin asked that “economic interests” be “adequately considered” when it comes to export controls on arms shipments.

On a similar theme, ThyssenKrupp looking to distance itself from its joint venture with Ferrostaal – the Munich public prosecutor’s office has accused Ferrostaal of paying millions of euros in bribes to Greece related to the purchase of 214-class submarines.

China pushing hard on exports


[Skip to the end]

Looks like at least part of the plan is to push exports via lower prices.

China to Raise Export Rebate for Textiles to 15%, Xinhua Says

by Zhang Dingmin

Feb 4 (Bloomberg) — China will raise export tax rebates for textiles and garments to 15 percent from 14 percent, the Xinhua News Agency reported today, citing a meeting by the State Council.

The move was part of a plan to boost the textile industry, the official news agency said. The council also passed a plan to support the nation’s equipment manufacturing industry, it said.


[top]