BMW Chief Welcomes Strengthening Of Multilateral Trade Relations

BMW AG’s CEO Oliver Zipse has underlined the company’s support for expanding global trade partnerships, noting that strengthening multilateral relations is vital for economic growth. He stressed that BMW is pleased to see relations being expanded rather than restricted, particularly with major economies such as the US and China.  

Key highlights 

• BMW CEO Oliver Zipse welcomed the expansion of multilateral trade relations.  
• He emphasized the importance of maintaining ties with both the US and China.  
• On the India-EU Free Trade Agreement, Zipse said it is extremely important for Germany as an export nation.  
• He expressed satisfaction that negotiations are moving quickly toward finalization.  
• The deal is expected to reduce tariffs and enhance competitiveness for European exporters.  
• BMW sees India as a market with strong potential for growth in premium and electric vehicles.  

Industry analysts note that the India-EU trade deal could provide significant opportunities for German exporters, particularly in the automotive sector. For BMW, India represents a fast-growing market where tariff reductions could improve competitiveness and support long-term expansion.  

Sources: Reuters, Economic Times, Business Standard