Prof. Wolffgang gives lecture on Foreign Trade Forum of the Chamber of Industry and Commerce Schwarzwald Baar Heuberg

Juni 29, 2024

At the 8th Foreign Trade Forum of the Chamber of Industry and Commerce Schwarzwald Baar Heuberg which took place at the 26th of June 2024 in Donauschingen, Professor Wolffgang held a presentation on the geopolitical uncertainties and increasing legal burdens for companies in foreign trade. At the beginning of the lecture, he looked back at the downfall of the Soviet Union (USSR), the German reunification and the foundation of the World Trade Organisation (WTO) to then turn the spotlight on modern challenges for international trade. In this context, Prof. Wolffgang pointed out the Russian invasion of Ukraine, the growing economical, political and technological influence of China and the powerful economic strength and expansion of the BRICS states. Following this, he gave an overwiev of the legal and political instruments in foreign trade law (i.e. customs, sanctions, export controls, import restrictions). Furthermore, he informed the participants of the Foreign Trade Forum about the latest sanctions package of the EU. In connection with this, he emphasised the economic dependance of the German economy on China. At the end of the presentation Prof. Wolffgang introduced the audience to the US Inflation Reduction Act of the Biden administration and the Green-Deal and Defense strategies of the European Union. In conclusion Prof. Wolffgang underlined the growing relevance and complexity of foreign trade law in these times of global upheavels.

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