CHINA ON COURSE FOR EXPANSION, BUT MORE OPENNESS NEEDED
Trade relations with China are good, but there is always room for improvement. According to the analysis by VDMA’s China expert Oliver Wack, we need more protection of expertise, more free trade, and fewer market barriers. And both Germany and the EU need to develop a strategy for dealing with China in future.
"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.
US TAX REFORM AND ITS IMPACT ON GERMANY'S MECHANICAL ENGINEERING SECTOR
Initial analyses suggest that the changes to US tax law will not only have an impact on the American economy, but also on other industrial nations and thus for German mechanical engineering.
STATUS: IT'S COMPLICATED
In a few months, Europe might have to grant China the status of a market economy under international trade law. This might appear just a question of definition, but it has a big impact on the EU's options for protecting its industry against dumping from China.
THE EU'S FIGHT FOR MODERN TRADE WITH MEXICO
These days seem to be tough for free trade fans. The trade agreement between Europe and the United States is in the center of a furious public debate. A contract already negotiated between the European Union (EU) and Canada is about to be in the spotlight again. EU representatives don't only have to fight for the best deals possible, but also against the large amount of skepticism at home. However, lawmakers in Brussels stick to the free trade agenda they so firmly believe in. Their latest target: a comprehensive trade agreement between Europe and Mexico.