The US, the EU and Germany’s Recent Discussion and Decision on Supply Chains and the Potential Implications on the European Business in China Go back »
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Time2021-08-25 | 16:00 - 17:30
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Venue:Zoom
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Address:Online
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Fee:Members: 150 |
Non Members: 300
In early March, the European Parliament approved a proposal for the EU Directive on Mandatory Human Rights, Environmental and Good Governance, this new legislation is expected to be approved by 2022. Two months after the European Commission unveiled its plans to reduce dependency on China and other foreign suppliers in six strategic areas like raw materials, pharmaceutical ingredients and semiconductors and proposed new tools to reduce the EU’s reliance on China on 137 imported products used in sensitive ecosystems, mainly raw materials and pharmaceuticals and other products that are key to fulfill the bloc's green and digital goals.
In the meanwhile, a supply chain law that is recently passed by the German Parliament is likely to exert far-reaching consequences not only for German-registered firms but also for smaller companies across the EU and globally that sell products into the German market.
Similar to the EU and Germany’s latest legislative efforts to restructure supply chains, President Biden’s plan to restore the US supply chains reflect America’s endeavor to address existing vulnerabilities throughout the supply chain and develop long-term broad-based resilience.
What does all of the above actions mean to the European business operating in China and how should multinational enterprises react? The European Chamber is delighted to invite a diverse group of stakeholders, Ms. Agatha Kratz, Associate Director, Rhodium Group, Mr. Sean Stein, Senior Advisor, Covington & Burlington LLP and Mr. Ferdinand Schaff from Federation of German Industries (BDI) to discuss the US, the EU and Germany’s recent discussion and decisions on supply chains and how it would impact the European business in China.
Agenda
16:00-16:05 Opening remarks
- Joerg Wuttke, President, European Chamber
16:05-16:20 President Biden’s plan to restore the US supply chains
- Sean Stein, Senior Advisor, Covington & Burlington LLP
16:20-16:35 The new supply chain law and its implications on German industry after 2023
- Ferdinand Schaff, Senior Manager, Greater China, Federation of German Industries (BDI)
16:35-16:50 EU Commission and Parliament discussions on supply chain dependency and more stringent due diligence requirements
- Agatha Kratz, Associate Director, Rhodium Group
16:50-17:30 Discussion and Q&A
- Moderated by Joerg Wuttke, President, European Chamber
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Speakers
Ms. Agatha Kratz
Ms. Agatha Kratz
Agatha Kratz is an Associate Director at Rhodium Group.
Agatha coordinates Rhodium Group’s European activities and leads research on European Union-China relations and China’s commercial diplomacy. She contributes to Rhodium work on China’s global investment, industrial policy and technology aspirations. Agatha is a non-resident Adjunct Fellow of the Reconnecting Asia Project at the Center for Strategic and International Studies under the Simon Chair in Political Economy.
She holds a Ph.D. from King’s College London, on China’s railway diplomacy. Her previous positions included Associate Policy Fellow at the European Council on Foreign Relations and Editor-in-Chief of its quarterly journal China Analysis, Assistant Editor for China Economic Quarterly, and Junior Fellow at Asia Centre in Paris. Agatha has a Bachelor’s degree in Political Science and a Masters in Finance from SciencesPo Paris, as well as a Masters in Public Administration from the London School of Economics and Columbia University School of International and Public Affairs.
Mr. Ferdinand Schaff
Mr. Ferdinand Schaff
After an internship at the Mercator Institute for China Studies (MERICS), Ferdinand Schaff took up his position as Senior Manager Greater China at the Federation of German Industries (BDI) in 2015. His work at BDI (and the Asia-Pacific Committee of German Business) focuses both on German companies in China as well as German and European foreign economic policy towards China. He was coordinating author of BDI’s influential 2019 policy paper on “China as a partner and systemic competitor".
Ferdinand Schaff holds an M. Sc. in Chinese Studies from the London School of Economics and a B. A. in Chinese Studies and Economics from the University of Cologne. During his studies, he spent a year studying Chinese at Beijing Normal University in Beijing.
Mr. Jörg Wuttke
Mr. Jörg Wuttke
Jörg Wuttke is Chief Representative of BASF China, based in Beijing. Wuttke is President of the EU Chamber of Commerce in China – an office he already held from 2007 to 2010 and from 2014 to 2017. Wuttke is a member of the Advisory Board of the Mercator Institute for China Studies (MERICS) in Berlin. He contributes regularly to the Swiss financial blog https://themarket.ch/. Wuttke has lived in Beijing for more than three decades.
Mr. Sean Stein
Mr. Sean Stein
Sean Stein is a senior advisor in Covington’s Public Policy Practice Group. Prior to joining Covington, Sean served as the U.S. Consul General in Shanghai. He has over twenty years of diplomatic experience in Asia and has served in leadership positions in China, Washington, and the region. His insights informed policy making at the highest levels in Washington and he assisted dozens of U.S., Chinese, and international firms to develop strategies, manage risk, and identify opportunities for growth in response to the changing U.S.-China relationship.