German chancellor urges global trade alliance as Germany deepens Indo-Pacific ties

The Korea Times - Oct 30, 2026

German Chancellor Friedrich Merz called for a global political alliance to defend rules-based trade, urging Germany and Indo-Pacific economies to strengthen economic partnerships and diversify supply chains as geopolitical tensions and intensifying U.S.-China competition reshape the global economy. Speaking at the opening of the 19th Asia-Pacific Conference of German Business (APK) in Seoul on Friday, Merz proposed establishing a "global political alliance for rules-based trade" to defend and strengthen the international trading system and coordinate joint action when it comes under threat. “When supply chains become political pawns, when access to key technologies is imperiled or when efforts to secure raw materials become a projection of power rather than of fair partnership, this jeopardizes growth, prosperity and, ultimately, the security,” he said. “Countries that decouple lose security, innovative strength, prosperity and scope for action. We do not wish to withdraw but rather to expand our freedom of action.” Turning to bilateral ties, the chancellor said Germany and Korea

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Oct 29, 2026

Hyosung chairman calls for work culture overhaul on 60th anniversary

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Global coffee brands to converge in Seoul for int'l cafe show

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Oct 29, 2026

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