There is no doubt that the summer break is here: for many, this is a good time to look back. However, we do not look back, but rather forward and summarize the most important European political issues of the mechanical engineering industry in the second half of the year.
The Covid 19 pandemic has caused a severe economic crisis. Any form of retaliatory tariffs will only exacerbate the situation. It is therefore important that transatlantic trade relations be relaxed, not escalated.
It is now important that technology-neutral and cross-sectoral measures are implemented without further detailed government regulations. The EU should rely on entrepreneurial freedom to relaunch the European economy.
In a virtual panel discussion on economic reconstruction after the Corona crisis, organised by the VDMA European Office together with the Brussels-based media company Euractiv, VDMA President Carl Martin Welcker represented the position of the industry.
David McAllister, Mitglied des Europaparlaments, schildert die aktuelle Verhandlungssituation rund um den Brexit und hofft, dass letztlich eine für alle Seiten tragbare Austrittsvereinbarung zwischen Großbritannien und der EU getroffen werden kann.
A large number of high subsidies, linked to the "Made in China 2025" strategy or to state-owned companies in general, distort local competition in favour of domestic Chinese companies. "These subsidized or non-market-oriented mechanical engineering companies are increasingly conquering the global export markets including the EU and distorting international competition," says Ulrich Ackermann, Head of VDMA Foreign Trade.
VDMA Executive Director Thilo Brodtmann comments on the mood of the british industry after the parliamentary election and about the expectations of German and European mechanical engineering companies regarding the Brexit-process.
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