Companies in the mechanical engineering industry mainly sell their products abroad with an export ratio of almost 80%. VDMA has therefore always supported the EU’s free trade agenda. Trade agreements with emerging markets are in particular a major achievement for the machinery industry in Europe. On the other hand, lawmakers should pay attention not to hinder exports of European companies by unnecessary bureaucratic requirements.
The EU is currently negotiating greater control over investment from China. At an event in Brussels, representatives of the mechanical engineering sector argued in favour of market opening in China rather than investment barriers in Europe.
The mechanical engineering industry benefits from investment from abroad. VDMA therefore rejects the proposal to expand European investment controls that is currently under discussion by the European Parliament.
The European Commission plans to extend export controls on products which can be used for civil and potentially military purposes. VDMA is in favour of an objective debate but considers the proposals disproportionate.
This month we are updating our privacy statement to better understand what information we collect and why. We have also taken steps to improve our features to protect your information and privacy.
There is no change to your current settings or how your data is processed. We have merely improved the explanation of our procedures and explain to you in more detail what options you have to update, manage and delete your data.
We take the protection of your personal data and their confidential treatment very seriously.
General information about the scope of processing of your personal data and about your data protection rights can be found at www.vdma.org/datenschutz.
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