The Importance of Trade in Europe

Brühwev: Germany plans to substantially support its industry essentially along two lines. The first is helping existing sectors with industrial electricity tariffs that are supposed to come from the leftovers of the 200 billion last year kind of being put into the budget and we are not completely used because energy prices turned out lower than was feared. A second strength of the support policy is more in line with our second strategy of essentially helping sectors to decarbonize using so-called carbon contracts for difference (CFCs) And then a third strategy is to facilitate imports of energy intensive products while accompanying the EU industry to move to higher value added parts of the value chain.