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.
With the withdrawal of the United Kingdom from the EU Single Market and the Customs Union, the handling of exports and imports has changed completely. Due to many questions that still exist in practice, the EU Commission has published clarifying guidelines.
Although introduced as mandatory one year ago, the SABER platform for exporting goods to Saudi Arabia still raises many questions - especially regarding spare parts and deliveries to end users. The VDMA is organising an information event with the AHK Riyadh.
The Trade and Cooperation Agreement between the EU and the UK, signed by the EU Council of Ministers on 29.12.2020, agreed, among other things, on duty-free treatment for goods originating in each other.
The great importance of the USA as an economic partner for the German mechanical and plant engineering industry continues in an outstanding interest in the outcome of the US elections. In a publication, the VDMA therefore examines the election promises of US President-elect Biden from different perspectives and makes clear demands in this context.
With the programme "Fit for Business with Russia", the Federal Ministry of Economics has been promoting German-Russian economic relations for years. Focus 2021: Mechanical engineering, agricultural engineering, food processing, process engineering
Kenya's economy has grown steadily in recent years, even if the country must expect a slight recession of around 0.5 % in 2020 due to a pandemic. However, moderate economic growth is expected again in 2021. The country is also a good starting point for developing markets in the entire East Africa region. A good way to enter the market is to participate in the German joint participation in KITE 2021.
The dynamic situation requires adaptability. The Hannover Messe 2021 is planned as a hybrid event. Deutsche Messe AG has presented what it has in mind and what participation opportunities are available.
With the signing of the Regional Comprehensive Economic Partnership (RCEP), the largest free trade zone in the world is being created in Asia. German mechanical engineering companies have to adapt to a changed competitive situation.
The German customs authorities have published details on customs clearance after the end of the transition phase on 1 January 2021. This gives companies the opportunity to adapt their practical customs handling.
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.
On November 25, some 20 participants exchanged experiences and views on market developments in the MENA region. The peace process in Libya inspires some hope and expectations. Localisation is becoming a challenge particularly in Gulf countries.
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.
Together with AUMA, VDMA has conducted a survey among its members to determine their willingness to participate in trade fairs. Most of them want to exhibit again and only slightly adjust their activities.
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.
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.
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.
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