Obama opened Hannover Messe 2016

Dancing robots, emotional speeches and a friendly “rivalry” between U.S. President Barack Obama and German Chancellor Angela Merkel: HANNOVER MESSE 2016 began on Sunday evening with a high-caliber opening ceremony. This year, the U.S. is a partner country at Hannover Messe, the showcase for industrial technologies. Accompanying the President is the largest ever congregation of U.S. businesses.

In his opening remarks, Obama thanked Merkel for inviting him to attend the event and spoke of his pleasure at being the being the first US president to attend Hannover Messe. President Obama highlighted the U.S. Government’s commitment to re-growing the U.S. manufacturing industry – a plan which has been high on the governmental agenda for some time now.

“Because we live in a global economy where so much of our economic growth and job creation is fueled by trade, I’ve also worked to make sure we’re trading more with each other. Germany has long been one of our top trading partners, and during my time in office, we’ve boosted U.S. exports to Germany, and we’ve increased our bilateral trade by nearly 40 percent — to a record $235 billion last year. German investment in the United States now supports more than 600,000 American jobs. And you’re selling more of your products to America as well. Last year, for the first time in decades, the United States became the top market for exports of German goods,” he said.

“We want to build on the spirit of innovation in the U.S.,” said Obama in his opening speech. This spirit has been driven by Germany and HANNOVER MESSE, especially over the past 70 years. Obama added that the U.S. has now created new production facilities, subsidy schemes and jobs in recent years to help reach this goal. Obama also promoted the U.S. as a production location for European companies.

In what is likely his last visit to Germany as President, Obama spoke in particular about the TTIP free trade agreement. He believes that there are too many obstacles restricting trade between the EU and the U.S. Different regulations and standards lead to higher costs. Therefore, one of TTIP’s aims is to establish harmonized high standards.