Dear Reader, Dear Members and Friends,
On his recent visit to Germany in April, President Barack Obama has renewed his call for more progress in the negotiations on the Transatlantic Trade and Investment Partnership (TTIP). We at the Bavarian Industry Association (vbw) agree that TTIP promises great opportunities for Bavaria and Germany as well as the U.S.
Together, the EU and the U.S. account for almost half of world GDP. And in 2015, the U.S. was Bavaria’s largest export market.
Increasing transatlantic trade would benefit businesses and consumers, create more jobs, and stimulate investment in both our countries.
For more information about the Bavarian economy and our services and activities, please explore the articles in this month’s newsletter.