Key facts
- Trade conflicts, tariff disputes, and competition distortions create global instability and cost prosperity, German Finance Minister Lars Klingbeil said.
- Klingbeil stressed the importance of dialogue and reliable partnerships amid global crises and economic uncertainty.
- Klingbeil planned to promote Germany as a reliable and attractive partner at meetings in Bangkok.
- German Development Minister Reem Alabali Radovan highlighted the increasing frequency and global impact of acute crises.
German Finance Minister Lars Klingbeil stated on Wednesday in Berlin that trade conflicts, tariff disputes, and distortions of competition are causing significant global instability and costing prosperity. He emphasized that in times of global crises and economic uncertainty, building on dialogue and reliable partnerships is more important than ever.
Klingbeil, who is also the head of the Social Democrats (SPD), was preparing to travel to Bangkok for the annual meetings of the International Monetary Fund and the G20 meeting of finance ministers. He had cancelled the India leg of his Asia trip earlier in the week following the resignation of Baerbel Bas, Germany's labour minister and co-head of the SPD. The ministry confirmed his trip to Thailand on Wednesday.