POLAND IS RELYING ON ITS "COMING OUT" AT THE HANNOVER MESSE
Poland will get a lot of attention during this year's "Hannover Messe". It has big boots to fill. After all, the USA was the partner country of the industry trade fair in 2016. Poland, however, has stepped up to the challenge and would like to show its new strength in Hanover.
IRAN: BACK TO THE FUTURE
Now that most of the international sanctions on Iran have been lifted, the mechanical engineering industry is eager to expand trade relations with the country. While there is great economic potential, there are also obstacles along the way.
LOW OIL PRICE FORCES ARAB COUNTRIES TO REFORM
Since 2014, oil producing countries in the Gulf region have had to adjust to low oil revenues, and the need for economic and social reforms is increasing. Saudi Arabia is pushing ahead with a plan of action that is likely to be at least partly copied by neighboring countries. The reforms will bring both risks and opportunities for the mechanical engineering industry. An analysis.
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.
NEW SALES RECORD IN GLOBAL MECHANICAL ENGINEERING
The demand for capital goods has seen little development in 2015. Still, global machine turnover has increased by 10 percent to the new record level of 2570 billion euros. The growth is palliated due to changes in exchange rates - in truth, there was a different development.
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.
GROWTH STRATEGIES, DIGITALIZATION AND INCREASING FLEXIBILITY
A shift in growth opportunities, changes due to digitalization and increasing flexibility are the three trends that will shape European mechanical engineering in the future. This is the result of the second mechanical engineering study published by management consultants McKinsey & Company and VDMA.