Value-added tax for electronic services in Russia
The so-called "Google tax" also affects mechanical engineering. The tax registration can sometimes have a significant impact on the rest of the company's activities in the RF.
Reporting obligation Netherlands - introduction on 1 March 2020
From the 1st of March 2020, the Netherlands will introduce mandatory reporting.
ID06 cards - Registration now also possible for German companies
Old ID06 cards only valid until 21 January 2020
Export financing for small tickets - digital novelties at a glance
Several digital platforms will be launched in 2020 to provide or seek export financing for "small order values". You can read about it here.
tr8fin revolutionizes export financing for small tickets
tr8fin combines professional expertise with state-of-the-art technology. Experienced finance managers from the mechanical engineering sector found an export credit platform specialized on supplier credits.
Hermesdeckungen click&cover EXPORT
With Hermes Cover click&cover fast results for small ticket applications.
TraFinScout - The digital export financiers
The company combines the first digital and bank-independent export financing for small tickets with a digital marketplace for export financing and payment protection.
Small Ticket Platform HandEX expands options
A young, Hamburg-based, Fintech supports Hermes-covered export financing - buyer credit and forfaiting – starting from an order value of 100,000 €. Its promise is nothing less than the simplest possible digital processing for German companies.
AKA scores with digital financing solution for small-ticket buyer credits
For just over a year now, AKA Ausfuhrkredit-Gesellschaft mbH has been offering a highly standardised, digital application process for ECA-covered buyer credits between one and 10 million euros or US dollars via the specially developed online portal SmaTiX (Small Ticket Express). AKA is thus closing the gap for small-ticket ECA-financing.
Business development in Azerbaijan with focus on oil industry
Discover business opportunities in the Caspian region: A business trip to Baku from 15 to 19 June 2020 focuses on the oil and gas and petrochemical industries.

Asset Publisher

Central Committees and Working Groups of the VDMA Foreign Trade and Investment Association
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.
read more

Asset Publisher

Representative offices abroad
China, India, Japan, Russia or Brazil: The VDMA representative offices abroad support you with your involvement in the most important foreign markets.
read more

24.01.2020
On the basis of various studies, the EU Commission comes to the conclusion that the EU's free trade agreements are not being used sufficiently by companies. The average usage rate is "only" 80 %. Why is that?
24.01.2020
After the British Parliament has approved the negotiated exit agreement, Great Britain will leave the EU on February 1, 2020 - preferential legal effects for brexite are not yet clear.
24.01.2020
VDMA Foreign Trade Association has revised and updated its customs information sheets.
23.01.2020
After last year's first members' meeting in Saudi Arabia, this year we are focusing the most important issue: the pressure to localize. How do important machine buyers deal with this and what are the effects on human resources?
20.01.2020
From the 1st of March 2020, the Netherlands will introduce mandatory reporting.
20.01.2020
The so-called "Google tax" also affects mechanical engineering. The tax registration can sometimes have a significant impact on the rest of the company's activities in the RF.
17.01.2020
In February 2011, the EU adopted embargo measures with regard to Tunisia. This is a small partial economic embargo directed against the former rulers in Tunisia (Ben Ali government).
17.01.2020
In 2011, the EU has adopted embargo measures with regard to Egypt. It is a small economic partial embargo, directed against the former rulers in Egypt (Mubarak government).
16.01.2020
Brazil's government finally wants to do something about the "Custo Brasil". The above average costs for production, logistics, etc. are a problem for competitiveness.
16.01.2020
Chile has enacted a law on the recycling of packaging materials and containers, the Extended Producer Responsibility Law (REP).
16.01.2020
Several digital platforms will be launched in 2020 to provide or seek export financing for "small order values". You can read about it here.
13.01.2020
The company combines the first digital and bank-independent export financing for small tickets with a digital marketplace for export financing and payment protection.
10.01.2020
tr8fin combines professional expertise with state-of-the-art technology. Experienced finance managers from the mechanical engineering sector found an export credit platform specialized on supplier credits.
09.01.2020
With Hermes Cover click&cover fast results for small ticket applications.
08.01.2020
For just over a year now, AKA Ausfuhrkredit-Gesellschaft mbH has been offering a highly standardised, digital application process for ECA-covered buyer credits between one and 10 million euros or US dollars via the specially developed online portal SmaTiX (Small Ticket Express). AKA is thus closing the gap for small-ticket ECA-financing.
08.01.2020
A young, Hamburg-based, Fintech supports Hermes-covered export financing - buyer credit and forfaiting – starting from an order value of 100,000 €. Its promise is nothing less than the simplest possible digital processing for German companies.
08.01.2020
The new EU Dual-Use Goods List was published in the Official Journal of the EU at the end of the year (EU Regulation 2019/2199). It contains some changes that are also relevant to the mechanical engineering sector and will apply from 31.12.2019.
17.12.2019
Info sheets for Belgium, France, Netherlands, Sweden, Spain and Czech Republic now updated.
17.12.2019
Old ID06 cards only valid until 21 January 2020
12.12.2019
DIHK study on Internal Market Barriers 2019 shows existing barriers
12.12.2019
European Commission publishes 2020 statistical commodity codes
10.12.2019
Discover business opportunities in the Caspian region: A business trip to Baku from 15 to 19 June 2020 focuses on the oil and gas and petrochemical industries.
Do you have any questions or suggestions? Give us a call or send us an e-mail - we will be happy to help you. The VDMA Foreign Trade offers you advice and help in the current uncertain times.
06.12.2019
The state Hermes cover has increased its willingness to take risks and makes more competitive financing possible in Africa.
28.11.2019
The discussion of including rolling bearings and hydraulic components in the list of products of the Russian national marking and tracking system is becoming more concrete. This could lead to bottlenecks in supply in Russia.
28.11.2019
The VDMA India Office has analysed and summarised India's existing trade agreements with important partner countries. Interested companies can thus record the respective conditions for imports and exports to and from other markets and take them into account in their business activities.
27.11.2019
The eVisa introduced in September will bring relief for many business trips.
26.11.2019
At the VDMA Expert Talks on 27 January 2020 in Frankfurt, VDMA members will be able to find out about the special features of work assignments in Norway.
26.11.2019
The World Bank has published its annual report on regulations that enhance business activity and those that constrain it. 190 countries are included.
22.11.2019
From 2 to 4 June 2020 German manufacturers will have the opportunity to present themselves at Caspian Oil & Gas in Baku. Registration deadline: 7 February 2020.
22.11.2019
From 13 to 15 May 2020, German companies will have the opportunity to explore opportunities in the Uzbek market. The closing date for applications is 17 January 2020.
21.11.2019
What dangers are threatening in which country? And what is the likelihood of their occurrence? The experts from SOS International will present their current assessments at the beginning of 2020.
15.11.2019
Modern export and project finance with more flexibility and fresh rules of the game in the OECD - this is the goal that the mechanical and plant engineering industry is committed to at the OECD Export Credit Forum 2019 in Paris.
14.11.2019
The ratification process of the NAFTA successor is stalling. The political turbulence in the US Congress makes an imminent entry into force unlikely. For the time being, NAFTA will continue to determine trilateral relations in North America. But what changes are on the horizon? What does the NAFTA successor bring for mechanical engineering?
13.11.2019
A joint company stand at FEIMEC 2020 ensures good attention from Brazilian decision-makers.
13.11.2019
The state Hermes cover no longer generally requires letters of credit in Chinese business, but in many cases L/C's remain indispensable.
13.11.2019
VDMA information sheet "Reporting obligations Liechtenstein" updated in November
12.11.2019
Application for new ID-06 cards problematic
12.11.2019
Russia ranks 28th out of 190 in the World Bank's Doing Business Rating 2020. When will companies notice this?
07.11.2019
Deposits from Argentina are permitted if the goods are delivered within 90 days, according to the Argentine Central Bank.
07.11.2019
Self-confidence and cautious optimism characterize the German mechanical engineering industry on site.
05.11.2019
Russia creates conditions for an autonomous Internet. Dmitry Kononenko of the AHK Russia reports how this is supposed to work.
05.11.2019
New VDMA information sheet on mechanical engineering relevant sector associations in the
04.11.2019
Africa is a continent with many challenges, but above all great opportunities.
04.11.2019
The Africa Business Guide is the first address for your Africa business.
04.11.2019
Kenya is the largest economy in East Africa and, according to the World Bank, reached a GDP of USD 89 billion in 2018.
30.10.2019
During the 11th Dubai Meeting on October 20, 40 representatives of VDMA members in the Middle East exchanged views on current topics. The market opportunities in Iraq and the localization efforts in the region were the focus of the lectures and discussions.
18.10.2019
The transatlantic relationship has entered dangerous waters. The US retaliatory tariffs, which will take effect from 18 October 2019, will further cloud the transatlantic atmosphere.
14.10.2019
Together with Uzbekistan, Ukraine is one of the countries in the CIS region with the greatest growth in bilateral trade with Germany. Machine exports are developing particularly positively.
11.10.2019
The Central Asian Republic is currently one of the most dynamically developing markets. But the reform marathon is not running smoothly. Save the Date for current information and experiences from the Uzbek market on 27 March 2020 at the VDMA in Frankfurt.
08.10.2019
The VDMA Guide "Travel Risk Management for Working Abroad" points the way to the introduction of suitable structures and processes in the company. Updated edition 2019 is now available.
26.09.2019
Stay informed concerning the latest progress in India
26.09.2019
Stay informed concerning the latest progress in Japan
19.09.2019
From 1 October 2019, tourists and business travellers will be able to travel to Petersburg on a free e-Visa.
18.09.2019
Exclusively for VDMA member companies.
10.09.2019
The overview of projects in the MENA region is regularly published here.
06.09.2019
In June and July, the Ukrainian National Bank (NBU) pushed through important easing measures in foreign exchange law. The upper limit for the repatriation of dividends and the limitation on the financing of foreign representative offices will be abolished.
06.09.2019
Russia is probably the only country in Europe where there has been a recycling obligation for all packaging in the B2B sector for several years. This is now to be enforced to a greater extent by means of a significant increase in the so-called eco-levy.
06.09.2019
In the future, special investment contracts will be awarded by tender. Minimum amount for investments not applicable.
An interview with Ralph Nikol, Senior Director ECAs & Investment Guarantees at Siemens Financial Services GmbH and member of the Export Finance Working Group.
03.09.2019
Tariffs are currently very popular: while the USA, China and other countries are raising their tariffs or introducing punitive tariffs, Switzerland wants to abolish them altogether for imports of industrial goods.
03.09.2019
The Italian supervisory authorities have published guidelines on controls on cross-border postings to Italy.
22.08.2019
On 1 October 2019, the German customs administration will launch its citizens' and business customer portal, which will be used in future to handle a large part of the correspondence between companies and the customs administration.
22.08.2019
It has taken a long time, but almost one year after the change of the customs exporter concept in Article 1 No. 19 UZK-DA, the German customs administration has now also commented on the practical application of this legal change.
19.08.2019
At the end of June 2019, the EU reached an agreement with the Mercosur states on the conclusion of an "ambitious, balanced and comprehensive" free trade agreement after many years of negotiations.
06.08.2019
In future, will only private credit insurers be allowed to offer policies for short-term payment risks, while state-run ECA´s will have to remain outside?
05.08.2019
While the Russian government is drawing a positive balance after five years of counter sanctions, the analysts at KPMG have found one thing above all: the bill is paid primarily by consumers.
02.08.2019
The Russian government wants to stimulate growth by lowering the key interest rate. Nevertheless, the willingness of the Russian private sector to invest is shrinking.
01.08.2019
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.
23.07.2019
A new provider of trade fair information sends out letters that can be interpreted as invoices. The VDMA recommends that the letters be checked as closely as possible.
An interview with Stefanie Schwankner, Project & Export Finance at Brückner Group GmbH in Siegsdorf.
Food and mining should lead the Peruvian economy into the future. An article about a stable economy and unstable politics.
10.07.2019
The free VDMA expert discussion on 23 September will offer well-founded information and space for the exchange of experiences. Exclusively for members.
28.06.2019
What happens if sanctions prevent the export or the customer cancels the contract contrary to contract? Before the Hermes compensation is paid, the policyholder is responsible for essential tasks.
28.06.2019
The most expensive cities for expats are in Asia. In Europe, the cost of living is highest in Switzerland.
27.06.2019
The concreteness of the related law from September 2018 has now been published. Unfortunately the decree doesn’t bring the desired relief initially hoped for as it concerns mechanical engineering.
27.06.2019
The oil and gas sector remains dominant. Nevertheless, diversification is beginning to bear fruit. Reforms should drive economic recovery.
27.06.2019
China and specialists gain a head start in Brazil in 2018. Components such as drive technology, general ventilation technology and valves also account for the largest share of imports.
26.06.2019
Affected are US immigrant and visitor visas. For ESTA travel permits, the social media usage information is still optional.
25.06.2019
In the fight against product piracy, Russia is introducing a national QR code system for marking goods. It is mandatory for all market participants and there are plans to partially include mechanical engineering products.
24.06.2019
The VDMA and the Russian Entrepreneurs Association (RSPP) agreed in May 2019 on more interaction and mutual support.
24.06.2019
The Greek economy continues to grow. Impulses come from tourism and infrastructure projects. However, the 2019 election year will jeopardize the reform course and the economic recovery.
12.06.2019
VDMA calls for uniform reporting requirements in the EU Member States
29.05.2019
Many VDMA member companies are faced with a major challenge in implementing the reporting requirements for work assignments in Europe. The VDMA Info Day on 22 May 2019 offered practical ideas for process implementation.
24.05.2019
Saudi Arabia is increasingly urging suppliers to produce in the country. The VDMA has published an information sheet in which the various localisation programmes are briefly explained and information for potential investors is given.
24.05.2019
Saudi Arabia is in the process of changing its import procedures for machines. On 10 May 2019, the VDMA, together with the certification companies DIN Certco (TÜV Rheinland), intertek and SGS, organised an information event.
14.05.2019
China has updated the visa application procedure to 10 May 2019 and switched to a mandatory electronic application procedure.
08.05.2019
What will happen after the presidential elections in October 2019? Uncertainty about the economic course is increasing.
08.05.2019
Pacific Free Trade Agreement in force
08.05.2019
At this year's general meeting of the Brazilian VDMA companies on 29 May 2019 in São Paulo, two experts from the field will be explaining and discussing the issues surrounding the ex-tariffario with the participants.
08.05.2019
The government plans to simplify the import of machines and machine parts via "ex-tariffário", i.e. with duty exemption. This measure is intended to encourage new investment. The intention is to extend the derogation (note: no comparable machines are produced in Brazil) to all capital goods and to shorten the processing time for this process.
Visiting a foreign trade fair is often the first step into a new market. In the new trade fair calendar you will find trade fairs relevant to mechanical engineering.
The updated version of the VDMA publication "Tips for Successful Business in India" (as of April 2019) is now available on request.
06.05.2019
The new Global Agreement between the EU and Mexico has already been largely negotiated. The Agreement also has a trade component. Aspects of public procurement, for example, are still open. The legal review of the text of the agreement has also not yet been completed.
03.05.2019
Inform yourself about current events in China
26.04.2019
Federal Minister Peter Altmaier represents Germany at the Silk Road Conference in Beijing.
25.04.2019
The rejection of letters of credit and payment orders has increased significantly and is discussed internationally by the WTO and ICC.
25.04.2019
Hermes Click&Cover is the fast alternative for medium-sized orders (1 to 5 million euros). If you click here, you will quickly receive a confirmation, but you are also bound by all the details.
24.04.2019
Covering political risks is still important. This is shown by the annual report of the state Hermes Cover, which shows high compensation for Venezuela.
Stephanie Schwemlein
Stephanie Schwemlein
PA to the Head of Foreign Trade
(+49 69) 66 03-14 42
(+49 69) 66 03-24 42
Your contacts in the foreign trade department
Do you have any questions or suggestions? Give us a call or send us an e-mail - we will be happy to help you. The VDMA Foreign Trade offers you advice and help in the current uncertain times.
Events offered by the Foreign Trade Department
We offer our members experience exchange events, information days, seminars, workshops and conferences on various topics.
Training - Export & Customs
With our seminars, workshops and trainings we support you in keeping your knowledge up to date.