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European industrial leaders warn excessive regulation and stagnant growth erode competitiveness, urge faster reforms
European industrial leaders, including executives from BASF, DHL Group, and Hager Group, warned at the 2026 Asia-Pacific Conference of German Business in Seoul that excessive regulation and years of stagnant growth are eroding the region's competitiveness. They urged faster decision-making and pointed to South Korea's manufacturing prowess as a model, as businesses navigate rising protectionism and geopolitical uncertainty.
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