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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.
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 possibility of carrying out assembly and service work has been opened up. Further groups of persons qualify for special approval. VDMA members report on first experiences with travel to the USA. Updated on October 26, 2020.
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.
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.
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