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FRANCE GERMANY

France dethroned as Berlin’s biggest trading partner

France has been Germany's most important trading partner for 40 years, but it's not anymore after the United States stole its crown.

France dethroned as Berlin's biggest trading partner
Move over François, i'm Angela's most important friend now. Photo: AFP

The United States overtook France to become Germany's most important trading partner last year for the first time
since the mid-1970s, official data showed on Wednesday.

“According to provisional data, goods worth a total €173.2 billion ($188 billion) changed hands between Germany and the US in 2015,” the federal statistics office Destatis said in a statement.

“That meant the US was Germany's most important trading partner in 2015, followed by France with €170.1 billion worth of goods and the Netherlands with €167.6 billion,” the statement said.

In terms of exports, the US was the biggest foreign buyer of German-made goods in 2015, with exports amounting to 113.9 billion euros last year.

Exports to France, the country to which Germany has exported the most every year since 1961, amounted to 103 billion euros.

The United Arab Emirates followed in third place, with exports totalling €89.3 billion.

France has always been seen as Germany's primary trading partner in the past, underlining the close political and economic ties between Europe's number one and number two economies.

But the weakness of the euro against the dollar and the pick-up in the US economy has boosted Germany's transatlantic trade.

On the import side, Germany imported the most goods from China last year — €91.5 billion in all.

The Netherlands and France followed in second and third place with imports of €88.1 billion and €67 billion respectively, Destatis calculated.

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FRANCE GERMANY

‘We want to move ahead’: Macron and Merkel to sign new Franco-German treaty

French President Emmanuel Macron and German Chancellor Angela Merkel will sign a new treaty with Merkel's spokesman saying France and Germany: "want to move ahead to ensure the security and wellbeing of citizens as well as a strong, sovereign and democratic Europe."

'We want to move ahead': Macron and Merkel to sign new Franco-German treaty
Photo: AFP

French President Emmanuel Macron and German Chancellor Angela Merkel will sign a new treaty on January 22 to further strengthen Franco-German cooperation in the run-up to next year's EU elections, Macron's office said Tuesday.

The two leaders, both of whom have been weakened domestically, will meet in the French border town of Aix-la-Chapelle to ink an accord “which will strengthen the already close ties between Germany and France,” the French presidency said.

Merkel's spokesman Steffen Seibert said the eurozone's two biggest economies “want to move ahead to ensure the security and wellbeing of citizens as well as a strong, sovereign and democratic Europe.”

The treaty will cover joint projects in the areas of defence, climate change and security as well as the sensitive issue of “economic and social convergence,” the French presidency statement said.

The meeting comes as Merkel enters the twilight of her rule and Macron attempts to defuse the “yellow vest” anti-government rebellion which has engulfed French cities over the past seven weeks.

The couple seen as the glue of the European project will meet in the town hall of Aix-la-Chapelle, former capital of the ninth-century Carolingian Empire, which laid the foundation for Germany, France and several other modern European countries.

The French and German parliaments will, on the same day, adopt a draft agreement on closer cooperation in the form of a 100-member joint parliamentary assembly, the French statement said.

France and Germany's ruling parties and their allies fear an unprecedented challenge from populists in May's European Parliament elections.

In his New Year's address Macron said he would set out his vision for a “renewed European project” in the coming weeks.

The 41-year-old centrist was elected on a promise to revolutionise the post-Brexit EU but Germany shot down his proposals for a huge common fund, with Berlin agreeing only to a limited budget to finance investment.

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