TRADE POLICY REACHES A CROSSROADS
Free trade is essential for the existence of mechanical engineering. Exports account for around 77 percent of the German sales of 224 billion euros (2017). 660,000 jobs depend directly on these exports. More than one third of exports already go to countries with high import barriers.
"MOSCOW IS READY TO USE PROTECTIONISM"
As the largest agricultural country in the world, Russia's demand for machinery is extremely high and the state wants to meet this demand primarily through the use of domestic technology. As a result, Russia's continuing protectionist policies are hitting the international agricultural machinery industry hard.