“Globalization is as we knew it,” says HSBC President Mark Taker.

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ZAccording to HSBC President, HSBC president, Sir Mark Taker, who said that geopolitical tensions “may run their path,” according to HSBC president, who said commercial and geopolitical tensions will lead to stronger economic relations between regional groups and commercial blocs.

In a speech at the bank’s global investment summit in Hong Kong on Tuesday, Taker said that commercial tensions created uncertainty that pose a “possible dangerous danger to global growth.”

Since he took office in January, US President Donald Trump slapped the definitions of the main trading partners, including China, Canada and Mexico, and is expected to impose more on April 2, when he reveals his administration. “Mutual definitions” On countries around the world.

Taker said that the world is witnessing a “period of deep and deep change” in commercial arrangements, economic policy and international security arrangements.

He said: “As we consider the current developments … we believe that globalization, as we have learned that it may now manage its course.”

He added: “The economic considerations that direct effective supply chains are optimally led to one of the greatest periods of creating wealth in the world that we have seen at all. The balance of economic power changed as a result, and what was sustainable is no longer.”

This does not mean that the world “will decline or geographical curvature and disturb it,” but there will be new opportunities and stronger economic relations between “political groups and commercial blocs”, including “the group of countries that exceed the BRICS”, which will increase in an increasing way with each other.

HSBC He is a major participant in global trade financing. Her business has been ranked first through revenues over the past seven years, according to its last annual report, which cited numbers of competing alliances in Greenwich.

In recent months, she fixed its operations, including separating its business along the geographical lines into two units, one of which focuses on Asia, the Middle East and the other in Europe and the Americas.

Taker said that economic communication between Asia and the Middle East, a major axis of the bank, is likely to “rise” in the coming years.

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

“The commercial ties and the escalating continuity of these economies with the rest of the emerging world indicate that there may be a difference in prominent growth,” Taker said.

He said that the Brexes Group was building institutions that had effects on energy, trade, financing, supply chains and technology, adding that “amid geopolitical tension, more emerging markets will join the Brexes to enhance close relations and have a stronger voice on the world stage.”