Arab Today, arab today germany set to mark record year for exporters
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Germany set to mark record year for exporters

Arab Today, arab today

Arab Today, arab today Germany set to mark record year for exporters

Frankfurt - DW

Germany is on course to post new full-year records in its export and import statistics for 2012. Its two-day trade has risen despite the ongoing sovereign debt crisis affecting other parts of Europe. Despite a weak phase of trade activities in Europe, Germany looks set to reach new export and import volume records throughout 2012, the Foreign Trade and Wholesale Association (BGA) reported in its latest outlook on Tuesday. It predicted that exports in the current year would total over 1.1 trillion euros ($1.39 trillion), up 4 percent from last year\'s level. Imports were forecast to rise by 3 percent to a volume worth 929 billion euros, marking a 10 percent increase year-on-year. BGA President Anton Börner admitted that trade could have been even stronger without the protracted euro area debt crisis, but added companies had been able, by and large, to compensate for losses in Europe with brisk business in the US and many emerging countries. Protectionism in the firing line \"There\'s no denying that our exports to Greece in the first half of the year dipped 9.0 percent, to Italy they declined by 8.0 percent and to Portugal by even 14 percent,\" Börner said in a statement. \"But on the other hand, exports to the US climbed 19 percent, while shipments to Russia and China soared by 15 and 9.0 percent respectively.\" The BGA upheld its optimism for 2013, saying that this year\'s expected records could be surpassed again. It cited Germany\'s robust labor markets and expectations that the world economy would pick up momentum next year. The association warned against even more restrictive measures being implemented by some European nations and countries outside the continent. Protectionism would only lead to a bigger renationalization drive in many parts of the world and a resulting drop in competitiveness. The BGA specifically criticized Argentina\'s current import and currency restrictions as well as EU trade protection instruments against solar modules from China, saying such measures were completely unacceptable.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germany set to mark record year for exporters Arab Today, arab today germany set to mark record year for exporters

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germany set to mark record year for exporters Arab Today, arab today germany set to mark record year for exporters

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday