Categories
Trade

UK – Germany, Trade in Goods

Germany is consistently in the top 3 countries in the world that trade goods with the UK (The USA also appears consistently in the top 3).

More than 10% of the monthly goods imported to the UK are from Germany and more than 10% of good exported from the UK go to Germany.

In the 8 months (Jan – Aug 2020), the UK shows a trade deficit with Germany totalling £13.1 bn. (£13,100 million) i.e. Germany sends more goods to the UK than it receives from the UK.

References: https://www.uktradeinfo.com/

Categories
Brexit

Press Release – Jeremy Hunt in Berlin 23 July 2018

Foreign Secretary Jeremy Hunt held talks with the German Minister for Foreign Affairs, Heiko Maas, in Berlin on July 23.

Press Release: from the Foreign & Commonwealth Office and The Rt Hon Jeremy Hunt MP

https://www.gov.uk/government/news/foreign-secretary-visits-berlin

Mr Hunt met with German Foreign Minister Mr Heiko Maas to discuss a range of issues of shared interest. These included the UK’s exit from the EU, and UK-German co-operation on foreign policy issues such as NATO, the Western Balkans, Iran, and joint work at the UN Security Council, which Germany will join as a non-permanent member next year.

Ahead of the meeting, the Foreign Secretary Jeremy Hunt said:

Germany is one of Britain’s most important allies in every field, from trade to European security to counter-terrorism. Our 2 countries work side-by-side to defend the rules-based international system on which our safety and prosperity depend.

We are striving together to preserve the Iran nuclear deal, uphold the Paris Climate Change Treaty, strengthen NATO, combat terrorism, improve cyber security and stabilise the countries of the Western Balkans.

We will also discuss the UK’s exit from the EU. I will reassure my German counterpart that we want to continue to work alongside our European friends and allies, in defence of our shared values. But I will also be clear that our European partners must show much more flexibility and creativity in negotiations if we are to avoid a “no deal by accident” scenario.

Categories
General Info Trade

A Deep and Special Partnership (Germany)

A deep and special partnership is a joint article by Philip Hammond and David Davis that appeared in Frankfurter Allgemeine Zeitung on 10 January 2018.

Today (10 January 2018) we’re both in Germany to highlight the important relationship that exists between our countries.

It’s a relationship built on shared interests and shared values, that has helped both our nations prosper and grow.

And while the UK will leave the EU next year, we can still look to the future with a shared vision — one that sees Germany, Britain and the EU continue to thrive, and our relationship remain strong and close.

Trade between the UK and EU 27 is worth €750 billion a year — and a quarter of EU exports to Britain, worth €113 billion, come from Germany, more than any other EU country.

Of course we understand that Germany and other EU countries want to protect the integrity of the single market, and that without all the obligations of EU membership third countries cannot have all the benefits.

Those priorities are not inconsistent with ours — a deep and special partnership with our closest trading partners and allies.