Companies in the mechanical engineering industry mainly sell their products abroad with an export ratio of over 75%. VDMA has therefore always supported the EU’s free trade agenda. A well negotiated TTIP, the free trade agreement between the EU and the US, in particular would represent a major achievement for the machinery industry in Europe. Small and medium-sized companies would benefit especially if non-tariff trade barriers were removed, such as different standards or regulations. In addition, trade relations between the EU and Russia, the EU’s responsible sourcing initiative and the free trade agreement with South Korea are of great interest to the mechanical engineering industry.
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.