After the end of the transitional period, the United Kingdom will be treated as a third country for customs purposes from 1 January 2021. The customs departments of member companies must prepare for this new situation.
China spends billions on export financing every year without following the rules of the OECD. The US-Exim Bank has now been granted a programme of US$ 27 billion, expressly in order to win the competition with China on terms and conditions in export financing.
The VDMA Foreign Trade Association advises you with regard to international markets. In addition, there are various offers from the federal and state governments to support you in opening up international markets.
The text of the Free Trade Agreement between the European Union and the Socialist Republic of Viet Nam was published in the Official Journal of the European Union. According to a communication of 30 June 2020, the trade part of the agreement will enter into force on 1 August 2020.
After the first successfully organized flights to China, the BDI and VDMA are now investigating the need for travel to other countries. The aim is to make travel possible for the most important destination countries.
On June 4, 2020, Austria's borders with most of the neighboring countries were reopened. For Italy and many other European countries, this applies on June 16. Additional documents and the long mandatory corona test are no longer required then. (Update June 10, 2020)
In February VDMA invited its member companies in Saudi Arabia to a members' meeting in AlKhobar. In view of the current situation, a virtual get-together has now been organized. More than a dozen companies have exchanged information about the current situation.
Kenya's economy has grown continuously in recent years. The country is also a good starting point for developing markets in the entire East African region. A good way to enter the market is to participate in the German joint participation in KITE 2020.
Work on committees is essential in the VDMA. The committees of the Foreign Trade Department deal with export issues and tasks, develop positions on trade policy issues and, last but not least, maintain a dedicated network of experts.
This month we are updating our privacy statement to better understand what information we collect and why. We have also taken steps to improve our features to protect your information and privacy.
There is no change to your current settings or how your data is processed. We have merely improved the explanation of our procedures and explain to you in more detail what options you have to update, manage and delete your data.
We take the protection of your personal data and their confidential treatment very seriously.
General information about the scope of processing of your personal data and about your data protection rights can be found at www.vdma.org/datenschutz.
You can reach us at the following contact details: