A leading German logistics company executive emphasized the continued growing significance of the Chinese market for the future, noting that the U.S. tariff policy adjustment will not affect his company's globalizing efforts.
Matthias Magnor, chief operating officer of the BLG, told CGTN in an interview that his company has expanded its partnerships with Chinese logistics firms, such as Shanghai Haitong International Automotive Terminal and China COSCO Shipping Corp., since last year. And BLG will move beyond reliance on U.S. trade.
"Last year, we signed a friendly agreement with Shanghai Haitong International Automotive Terminal. Since then, we have maintained very close business communication. Recently, we also signed an agreement with China COSCO Shipping Corp., Ltd., making them an important partner. They now regularly call at ports in Bremen. Therefore, we believe that having a 'multi-legged approach' is a good thing. We can no longer solely rely on trade with the U.S., and we have naturally recognized the importance of the Chinese market for the coming decades," said Magnor.
The BLG Logistics Group, headquartered in the port city of Bremen in northern Germany, currently operates over 100 sites worldwide, with over 10,000 employees. Its terminal in Bremen is Germany's largest automobile loading and unloading terminal.
Over the past two decades, many companies in Bremen have progressively expanded their footprint in the Chinese market, reinforcing their trade ties with China. The Chinese market's scale, potential, and business environment have become key sources of their confidence in strengthening cooperation with China, added Magnor.
German logistics firm BLG to deepen business ties with China despite US tariff policy changes
