Connect2Discover@VDMA: The impact of “Decoupling” between the United States and China and the services of VDMA Foreign-Trade Department
Connect2Discover@VDMA highlights the importance of foreign trade and geopolitics to German industry. Export and foreign trade play an outsized role for German mechanical engineering companies. In 2021, deliveries outside Germany made up 82 percent of VDMA member companies’ revenue. More than half of these deliveries were made to countries outside the European Union.
- Englisch
Connect2Discover@VDMA highlights the importance of foreign trade and geopolitics to German industry. Export and foreign trade play an outsized role for German mechanical engineering companies. In 2021, deliveries outside Germany made up 82 percent of VDMA member companies’ revenue. More than half of these deliveries were made to countries outside the European Union.
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Because of this, VDMA members must understand more than ever the accelerating changes in geopolitics, which are quickly altering the landscape of the global trading system. After more than two years of a global pandemic and now a war in Europe, VDMA members must deal with the consequences: supply-chain disruptions, sanctions, travel restrictions, and other forms of economic coercion that can stifle global trade. The impact of global politics on business is greater now than ever.
For this reason and in order to support you as a member, the VDMA Foreign Trade Department offers a broad range of expertise dedicated to helping members enter and succeed in overseas markets. The most common issues across all foreign markets are understanding visa and travel requirements, finding local business partners, overcoming regulatory barriers, and appreciating cultural as well as security challenges. The VDMA Foreign Trade Department has a team of experienced country and technical experts in Frankfurt, as well as liaison offices on the ground in all of our key overseas markets, to give members guidance on these topics.
To better understand the offerings of the Foreign Trade Department, we invite you to the following two presentations (in English).
Agenda
Di. 08.11.22
Impact of “Decoupling” between the United States and China
The Foreign Trade Department is finishing a one-year examination of the impact of tensions between the United States and China – our two largest export markets outside Europe. The expert in charge of the project will walk through the findings, including how VDMA members have dealt with ever increasing trade barriers between the world’s two largest economies.
Andrew Adair
Trade Advisor for North America
Get to know the VDMA Foreign-Trade Department
Two country experts from the Foreign-Trade team will introduce you to the capabilities of the department, the range of services offered, and explain how the department supports members in their overseas businesses.
Oliver Wack
Referent Ost- und Südasien, Handelspolitik/Welthandelsorganisation (WTO)
Monika Hollacher
Referentin Außenwirtschaft - Russland, Zentralasien, Osteuropa, ASEAN-Staaten
