Malaysia: Discussions on the establishment of a free trade agreement between the EU and Malaysia started in October 2010. Negotiations have stalled since the end of the 7th round in 2012. The European Commission is working to revive these discussions. The EU is New Zealand`s second largest trading partner. In 2019, the volume of trade amounted to more than 9 billion euros. Agricultural products account for the largest share of New Zealand`s exports to the EU, while the EU mainly exports manufactured and industrial goods to New Zealand. In 2019, Germany`s trade surplus with New Zealand amounted to €2.7 billion and EU companies accounted for more than €10 billion of foreign direct investment in New Zealand. Economic and diplomatic relations were positive in the 1920s. The U.S. government rejected the harsh anti-German Treaty of Versailles of 1920, signed a new peace treaty that does not involve sanctions for Germany, and collaborated with Britain to create a viable Euro-Atlantic peace system.  Ambassador Alanson B.
Houghton (1922-1925) believed that world peace, European stability, and the prosperity of the United States depended on the reconstruction of the European economy and political systems. He felt that his role was to promote the political engagement of the United States in Europe. He overcame U.S. resistance and disinterest and soon realized that the central themes of the time were all entangled in the economy, especially the Allies` war debts to the United States, the reparations Germany owed to the Allies, global inflation, and international trade and investment. He said solutions required a new US policy and close cooperation with Britain and Germany. He was one of the main proponents of the Dawes Plan.  Minister Altmaier: "The EU-Japan Economic Partnership Agreement is an important signal for free and fair trade." After the war, direct trade between the American ports of Baltimore, Norfolk and Philadelphia and the former Hanseatic ports of Bremen, Hamburg and Lübeck continued to grow. The Americans exported tobacco, rice, cotton, sugar, imported textiles, metal products, Cologne, brandies and toiletries. The Napoleonic Wars (1803-1815) and the growing instability in the states of the German Federation led to a decrease in economic relations between the United States and the Hansa.