In a recent interview, Professor Horst Lochel from the Frankfurt School of Finance and Management emphasized that enhancing competitiveness is crucial for achieving mutually beneficial trade relationships. He specifically addressed the European Union's latest tariff measures against Chinese electric vehicles (EVs), suggesting that countries focusing on strengthening their own industries are better positioned to engage in win-win trade.
Professor Lochel highlighted that by investing in innovation and improving product quality, nations can create a more balanced and fair trading environment. This approach not only benefits domestic industries but also fosters healthier international trade dynamics.
The EU's decision to impose tariffs on Chinese EVs has sparked discussions about the best strategies to maintain competitive advantage in the global market. According to Professor Lochel, rather than relying solely on protective measures, countries should prioritize building robust and resilient industries that can thrive in a competitive landscape.
By adopting such strategies, both the EU and China can work towards a trading relationship that is advantageous for both parties, promoting sustainability and economic growth on a global scale.
Reference(s):
German scholar: Increasing competitiveness best way for win-win trade
cgtn.com
