Habeck journeys to South Korea and China; debates imposed punitive taxes as well.
The Deputy Chancellor is scheduled to jet off to Seoul, South Korea on Wednesday, followed by a trip to Beijing, China on Friday. The ongoing trade disputes between the EU and China might be on the agenda during the discussions in the People's Republic.
Kicking off in Seoul, Habeck aims to chat with Prime Minister Han Duck Soo and Trade Minister Ahn Dukgeun. Germany and South Korea have a tight-knit strategic partnership, with Habeck noting: "Our aim is to enhance collaboration on economics, economic security, and climate." South Korea is currently Germany's second-largest export market in Asia, trailing closely behind China.
Moving on to Friday, China is seen as an "irreplaceable ally" in global challenges, such as combating climate change. China also plays a critical role in geopolitical security issues, particularly when it comes to conflict resolution, like the Russian invasion of Ukraine. Economically, China is highly significant for Germany.
Last week, the EU Commission announced increased tariffs on electric cars produced in China, due to allegations of subsidies benefiting Chinese manufacturers at the expense of European manufacturers. The EU Commission gave China a breathing space at the behest of the German government, allowing time for negotiations with Chinese authorities and firms before the new tariffs take effect in early July.
"Of course, the Minister won't dodge this topic," a spokesperson for Habeck said last week. However, the tariff discussions are being handled by the EU Commission. China responded to the commission's announcement with threats of retaliatory measures against pork imports.
Apart from visiting Beijing, Habeck plans to swing by Shanghai and Hangzhou, hoping to pay a visit to some companies there. The Climate Minister is joined by parliamentarians and an economic delegation on this trip.
According to official information, a visit to the demilitarized zone between South and North Korea is also on the cards during the South Korean leg of the trip.
