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The German Mechanical Engineering Association (VDMA) has established two offices in China, one in Beijing and one in Shanghai, which underlines the importance of the Chinese market for producers of machines, plants and equipment: China is the second most important export market outside the European Union. The VDMA offices in China serve as bridgeheads in Chinese mechanical engineering, local administration and important Chinese customer sectors. The offices in Beijing and Shanghai are the main point of contact for VDMA members with questions about the Chinese market, local network, technical requirements, and mechanical-engineering-specific topics in general.
Free trade and open borders are indispensable for prosperity and the preservation of many jobs in Germany and Europe. This applies all the more in times when protectionists are increasingly trying to restrict international trade.
From January 2021, almost every manufacturer of machinery and equipment in Europe will have to enter information on chemical substances used into the database (SCIP) of the European Chemicals Agency (ECHA).
By tightening the Foreign Trade and Payments Act, the Federal Government is sending out a completely wrong signal. If Germany wants to maintain its industrial base in the long term, foreign capital must flow into the country.
The corona pandemic and the lockdown to contain it have hit society and industry hard - with hitherto unforeseeable consequences. In particular, companies acutely need sufficient liquidity to cope with the direct and indirect consequences of the pandemic and to bridge the period until the economy picks up again.
The mechanical engineering industry is increasingly feeling the effects of the corona pandemic; orders are reduced or even cancelled. According to the VDMA flash survey, many companies are making capacity adjustments.
The measures to combat the corona pandemic must be implemented with consistence. This applies in particular to quarantine rules for persons entering Germany for professional reasons. There must be a smooth, uniform European procedure in this field.
According to the latest VDMA survey, the effects of the corona pandemic in China are less severe than was expected only recently. Nevertheless, the mechanical engineering industry is expecting a sharp drop in sales.
The corona pandemic is hitting the mechanical engineering sector more and more severely. According to a VDMA flash survey, almost 60 percent of companies are already affected by disruptions in supply chains. Capacity adjustments are following.
The mechanical engineering industry in Germany is experiencing an even more difficult year than expected. The burdens that have already been felt for some time - trade conflicts, global economic weakness, structural change in the automotive industry - are now being compounded by the corona virus with its unforeseeable consequences for the economy as a whole.
The industry in Germany is under enormous pressure. The corona virus temporarily increases these stresses. The most important task of the federal government is to avoid panic. Support measures for companies must now be implemented quickly.
A market with a lot of potential, but at the same time many imponderables - this is how Indonesia, the partner country of this year's Hanover Fair, presents itself to the mechanical engineering companies from Germany.
After years of negotiations the time has come: the British are leaving the European Union. During the transition period nothing major will change. But the EU and UK immediately need to start negotiating a free trade agreement.
Since December 2019 a growing number of infections with the novel corona virus has been reported in the city of Wuhan and in the Hubei region. This virus has now also been detected in other regions of China. VDMA member companies have already taken measures.
Around 200 representatives from politics, business, science and the media exchanged views on hydrogen yesterday evening at the FAZ Forum during a joint Parliamentary Evening of the associations DVGW, VDMA and VKU. The discussions focused on the question of what contribution hydrogen and the gas infrastructure in Germany can make to the energy turnaround.
Important visit to the VDMA: Federal Minister of Finance Olaf Scholz discusses the major issues of global politics as well as the details of corporate taxation with the VDMA Executive Board. MEP Daniel Caspary calls on entrepreneurs to raise their voice for Europe.
The change in drive technology is affecting both the automotive industry and its suppliers. The aim is to strengthen value creation in Germany and Europe through state-of-the-art products and technologies. Change must not be based rigidly on one technology.
The annoying dispute within the Grand Coalition has led to a postponement of the urgently needed hydrogen strategy once again. The German government must finally do its homework regarding climate policy in 2020.
Hydrogen technology is ready for the step from the laboratory into practice. For this reason, the Federal Government must now quickly provide its strategy with concrete measures. This opens up new competitive opportunities for the mechanical engineering sector.
The VDMA calls on its members to participate in the survey on the German government's National Action Plan for the Business and Human Rights (NAP) by 31 October 2019 and provides extensive supporting material.
The consequences of the trade dispute between the USA and China are becoming increasingly noticeable. Production and incoming orders in the mechanical engineering sector have declined. The mechanical engineering industry expects more short-time work. At the same time, it stands ready to improve climate protection with its technologies.
A new study by the IMPULS Foundation of the VDMA on digital market foreclosure shows that free data exchange is massively impaired. The effects are particularly hard on small and medium-sized enterprises.
"When it comes to tax incentives for research, we hope for 'Struck's law' - no law leaves the Bundestag as it is introduced," emphasises Hartmut Rauen, Deputy Managing Director of the VDMA, at today's hearing of the Bundestag Finance Committee on tax incentives for research.
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