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Position in brief: Free trade between the USA and the EU
The USA is the most important export market and investment location for the German mechanical and plant engineering industry. At the same time, German companies with capital goods enable the development and modernization of American industry. In politically tense times of transatlantic relations, the EU and the US should strive for a lean free trade agreement and, at the same time, a reform of the World Trade Organization (WTO). With 164 members, the WTO is the best platform for creating competition and free trade.
KurzPosition: Direct investments secure the success of mechanical engineering
Foreign direct investments in Germany as well as German direct investments abroad ensure the success of the German mechanical and plant engineering industry. Unlike in the EU, some economic areas restrict foreign investment for economic and political reasons. This is problematic if investors from these countries who are both state-controlled and financially strong become active in our company at the same time. The commandment is called "reciprocity", equal conditions for common benefit. The political objective must be to achieve the same investment conditions everywhere as in Europe.
VDMA Brief: Shaping Brexit now
The export-oriented German mechanical engineering industry has benefited more than almost any other sector from economic and political integration and having the euro as the single currency. However, the result of the British referendum in favor of Brexit has shaken the EU to its core. Even two years on it is still not completely clear how the EU and the United Kingdom will work together in the future, but the UK must not be granted a special status. The mechanical engineering sector believes that the cohesion of the EU takes priority and demands equal competitive conditions in the EU27 and the UK.
Boris Greifeneder
Boris Greifeneder
Economic and Tax Policy
+49 30 306946-15
+49 30 306946-20