Transatlantic Economic Relations Play Important Role for BDI

08/31/2011

May 2011, President Obama meets Hans-Peter Keitel at the White House

German-American economic relations play a special role in the work of the Federation of German Industries (Bundesverband der Deutschen Industrie, BDI). The United States is German industry’s most important economic partner outside the European Union. Personal contacts are very important. U.S. President Obama and BDI President Hans-Peter Keitel met in Washington at a state banquet honoring the German Chancellor Angela Merkel last May (see photo). To maintain a continuous dialogue, BDI presidents and CEOs visit the capital of United States on a regular basis to connect with political and business partners. The trans-Atlantic dialogue with U.S. industry and policy is maintained on the part of the BDI with a range of instruments, for example through the U.S.-board of the BDI, as part of a special BDI-U.S. working group, the BDI-US Congressional Roundtable, the BDI-U.S. Business Roundtable and by the Office of the Representative of German Industry and Trade (RGIT) in Washington.

In addition, the United States play a central role in shaping the international economic policy. A constant concern of the BDI is improving access to the U.S. market, especially for SMEs. At the same time, the BDI is committed to contribute to improving conflict management when it comes to transatlantic relations. The BDI is in favor of a stronger transatlantic economic integration. It has actively supported the creation of the Transatlantic Economic Council during the German EU Presidency. Further information can be found on the website of the BDI.