A free trade agreement between the USA and European Union could create 160,000 jobs in Germany, a report claimed on Friday. Talks about a deal are set for Monday.
The study, from economically liberal Bertelsmann Foundation and Munich’s Ifo Institute, found huge benefits for the country’s exports – the cornerstone of the German economy – if a free trade agreement were signed between the US and EU.
Talks between the EU and USA are set to re-open on Monday over a free trade agreement.
A deal would sink trade costs, and mean German industries such as the food and metal industries could increase exports to the USA by 50 percent, the report said.
It added that all branches of industry and all regions of the country would reap the rewards.
Aart De Geus, head of the Bertelsmann Foundation to Spiegel Online news site: “Medium-sized businesses will benefit particularly, as well as large firms.”
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via EU-US deal would create ‘160,000 German jobs’ – The Local.
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