“Globalization, as we knew,” can end, says HSBC Chairman Mark Tucker

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GAccording to HSBC chairman, Sir Mark Takar, who said that trade and geopolitical tensions would increase economic ties between regional groups and trade blocks, which stated that trade and geopolitical tensions would lead to stronger economic ties between regional groups and trade blocks.

In a speech at the World Investment Summit in Hong Kong, Tucker said the trade tension had created an uncertainty that created a “serious potential risk to global growth.”

Since his post in January, US President Donald Trump has hit tariffs on key trading partners including China, Canada and Mexico, and is expected “Mutual tariffs” In the countries of the world.

The world feels “deep and deep changes” in the field of trade, economic policy and international security, Tucker said.

‘As we consider current events.

“Economic considerations that manage the optimally efficient supply network have led to one of the world’s largest wealth creation, which we have seen. As a result, the balance of economic force has changed, and what was stable before,” he added.

Tucker said that this does not mean that the world will “be a” regress or geo-fragment and de-globization “, but that there will be new opportunities and stronger economic ties between different” political groups and trade blocks “, including the” Bricks-Plus “group that will be increasingly trading with each other.

Hsbc is a key participant in global trade funding. According to the latest annual report, his trading business ranked first in revenue, which refers to the Greenwich Coalition Coalition Analytics.

In recent months, he has repaired his activity, including the division of his business through two units, one concentrated in Asia and the Middle East and the other in Europe and America.

Tucker said that the economic connection between Asia and the Middle East, the Bank’s main attention, would probably be “flying out” in the coming years.

The BRICS group consisting of Brazil, Russia, India, China and South Africa has expanded to include Iran, the United Arab Emirates, Egypt, Ethiopia and Indonesia.

“The growth of trade and financial ties of these economies with the rest of the world, suggests that there may be a noticeable overflow,” said Takyer.

He said the BRICS group creates institutions that will be important for energy, trade, finance, chains and technology, adding that “against geopolitical tensions, it is likely that more new markets will join BRICS to promote closer ties and have a stronger voice on the world stage.”