The Volkswagen logo appears in an escort in Autostadt at Volkswagen’s main plant. According to a media report, the investment guarantee for the group in China should not be increased. The reason is China’s human rights violations.
Because of the human rights situation in China, the federal government does not provide investment guarantees. According to “Spiegel”, Volkswagen is affected.
yes federal government for the first time has rejected investment guarantees for the company because of the human rights situation in China’s Xinjiang province. A total of four bail application applications have been affected, as the Federal Ministry of Economic Affairs announced Friday. The company name was not mentioned. For “glassAccording to him, it should be Volkswagen.
The ministry referred to the human rights situation in the country Xinjiang. This has increased in recent years and “is characterized by forced labor and imprisonment of many members of the Uyghur minority community”. So the federal government will not take any investment guarantee more for certain projects in China. This applies to projects in Xinjiang itself or projects with a commercial relationship there. According to the ministry, applications that have now been rejected are related to the business area in Xinjiang or cannot be excluded.
Volkswagen has submitted an investment sponsorship application to China
A VW spokesman only confirmed that the group had submitted an investment guarantee application. “So far we have not received any response to our application from the federal government. We are awaiting a decision,” he said. Refusal is also possible.
Investment guarantees from the federal government apply to promoting foreign trade. They protect the investment of German companies, for example in emerging countries such as China and then take action when companies are liquidated or the government breaks compelling commitments. Last year, the new investment guarantee came to a head Ministry of Economy up to 2.6 billion euros.
The federal government has approved 13 applications so far
Since the new federal government took power, 13 conceptual applications or extensions for investment securities in China have been approved. They had nothing to do with Xinjiang.
China’s leadership stands by the way it treats minorities Uyghurs in the region for years under criticism. human rights activists according to hundreds of thousands of people re-education camp burned. Minister of Economy Robert Habeck he said this week that the People’s Republic is a major trading partner, but there are also “very important problems” with human rights.
China insists on being allowed to oppress the Uyghurs
Government leadership Beijing accuses the Uyghurs in Xinjiang of secession, extremism and terrorism, while minority Muslims feel political, religious and cultural oppression. President Xi Jinping recently said about the human rights situation: “Countries do not need teaching lecturers.” Different ways of individual states should be respected.
