to go into effect this friday eve trade commissioner cecilia amounts to german economy minister peter altmire i expected to meet this week with wilbur ross of the u.s. commerce secretary new trade representatives failed to win a permanent exception to the u.s. terrorists at the start of this month he'll policymakers say they will introduce counter measures that could damage economies on both sides of the atlantic if they do not get a permanent exception german chancellor angela merkel said on monday that she is willing to continue negotiations and hopes that there won't be a need for retaliatory measures. chance in their group using the opportunities of globalization well that the same time reducing the risks is something we can best achieve together but instead of that we see that multilateral initiatives are being questioned international agreements and institutions are being weakened solutions that have already been found i'm not finding support and you know lecture of the approaches are being launched this is worrying. so the chancellor is worried and for more i am now joined by the econo

in frankfurt because german economics minister peter altmire said today that he doesn't see any reason to change germany's very special export guarantee scheme for iran that sounds confident doesn't he have to worry about that. and no he does not want that we have to remember that hairless this was this this deal that was originally introduced in nine hundred forty nine for cases where firms could find no private insurance has become a pilau of germany's export industry today hermas guarantees exploiters to cover themselves against economic risk and also political risk in the radio interview earlier he stated that there's no reason to change the how he calls a very valuable terror machine he also pointed out that germany is just starting now a conversation how negative consequences also for jobs in germany could be avoided and let me tell you there is a lot at stake also for european companies arab assigned december two thousand and sixteen deal to supply you run one hundred airplanes worth of nineteen billion u.s. dollars so far it is only delivered three the first new aircraft acquir