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The team from VDMA Foreign Trade
provides you with everything you need to know about foreign markets. We inform you about market conditions and research the current economic situation and development so that you can be successful abroad. Direct support on location is available to you at our liaison offices in Brazil, China, India, Japan and Russia.
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.
The WTO has granted the EU the right to impose punitive tariffs on the USA for illegal subsidies to Boeing. The EU Commission has compiled a provisional product list, which also affects mechanical engineering products.
As an industry, mechanical and plant engineering is existentially dependent on exports from Germany and on its own activities directly on site in the target market. With both in mind, the VDMA is promoting the right framework conditions in Brussels and Berlin.
Export control is sometimes underestimated, sometimes overestimated. VDMA members can get advice and help from the VDMA, in both directions: On the one hand, they can identify and comply with export restrictions, on the other hand, they can avoid unnecessary or excessive efforts.
Covid-19 turns the entire trade fair world upside down. Trade fairs worldwide have been cancelled or postponed. Optimistically, we have created a new VDMA trade fair calendar for 2021, which we update monthly. Register for the new newsletter and receive a regular update.
In practice, export financing - supported by state Hermes cover - is often requested by customers at short notice and then "good advice is expensive". Members benefit from the experience of the VDMA and the bank-independent expert knowledge.
Due to the high level of internationality of the German mechanical engineering industry, almost every member company has contact at some point with the customs authorities and the sometimes very complex customs regulations. The experts of the VDMA provide support in the legally compliant implementation of the regulations without unnecessary expense.
The time of high down payments by foreign customers seems to be over for the time being. Several export financing portals offer ways of sales financing for foreign customers, especially for medium-sized companies.
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.
Similar to Italy's SACE, the state Hermes Cover wants to finance credit lines for foreign importers with great financial strength. The new introduction of the "Shopping line", which has already been discussed for some time, is part of the 5-point package of measures of the Federal Government of 07.07.2020.
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.
More and more VDMA members want to find out about the structure and economic situation of their customers or potential partners in China. The VDMA offices in China have taken up this demand and now offer a corresponding service via the local VDMA service company.
After a first meeting on June 3, this time 6 company representatives met and reported largely uniform problems despite different experiences. A representative of the Saudi Ministry of Investment also took part.
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.
Many companies have organised virtual customer events as an alternative to unusual trade fairs. The VDMA has organized an exchange between these companies. The results will be incorporated into the further work of the VDMA.
It is not yet clear which rules will soon apply to exhibition stands. Unfortunately, there will not be nationwide uniform regulations. But there are recommendations for action by the FAMAB. Exhibitors should not let themselves be unsettled now and should wait with decisions until the concrete conditions for their trade fairs have been established.
The latest survey of VDMA companies in Brazil shows that the majority of VDMA members classify the situation as "bad" at the beginning of May 2020. 42% of the companies assessed the business situation as normal and only 3% as good. The hope is that this will improve quickly.
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.
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