TRADE POLICY REACHES A CROSSROADS
Free trade is essential for the existence of mechanical engineering. Exports account for around 77 percent of the German sales of 224 billion euros (2017). 660,000 jobs depend directly on these exports. More than one third of exports already go to countries with high import barriers.
POWER-TO-X: A PROMISING CORNERSTONE TO CLIMATE PROTECTION
If the goal of achieving greenhouse gas neutrality by 2050 is to be achieved, fossil resources will have to be replaced to the greatest possible extent. The "Power-to-X 2030" study sheds light on the role the machinery sector will play in this endeavor.
"MOSCOW IS READY TO USE PROTECTIONISM"
As the largest agricultural country in the world, Russia's demand for machinery is extremely high and the state wants to meet this demand primarily through the use of domestic technology. As a result, Russia's continuing protectionist policies are hitting the international agricultural machinery industry hard.
CHINA ON COURSE FOR EXPANSION, BUT MORE OPENNESS NEEDED
Trade relations with China are good, but there is always room for improvement. According to the analysis by VDMA’s China expert Oliver Wack, we need more protection of expertise, more free trade, and fewer market barriers. And both Germany and the EU need to develop a strategy for dealing with China in future.
TRADE AFTER BREXIT: A MATTER OF CAKE AND CHERRIES
The European Union and the United Kingdom have to define their future trade relationship after Brexit in March 2019. Even basic problems remain unsolved. A Brexit without a free trade agreement is not inconceivable.
CYBER CRIME CAUSES DAMAGE RUNNING TO MILLIONS OF EUROS
At the end of 2017, several VDMA member companies independently reported fraudulent activities involving fake bank account details in offers to international customers. There is cause for concern.
REGULATING THE FUTURE
"New Legislative Framework" - this abstract name for a not-so-new concept might be a solution to a huge problem of lawmaking in the digital age: How to regulate fast-moving technologies effectively without hampering innovation?
INDUSTRIE 4.0 - SECURE DIGITAL IDENTITIES CREATE TRUST
According to Industrie 4.0 experts, secure digital identities (SDIs) are the only way to ensure cybersecurity. VDMA members demonstrate what these are, where they can be used, and which technologies are currently in development.
NAME CHANGE: VDMA MANAGEMENT SERVICES IS NOW "BUSINESS ADVISORY"
As of January 1, 2018, the VDMA department previously known as Management Services is now called "Business Advisory".
DID YOU KNOW…
...that mobile networks are about to get even faster? 5G is set to follow 4G and LTE. It is currently still in development, but was tested at the Winter Olympics in Pyeongchang and should be market-ready by 2020.
MEXICO: NO LONGER THE EXTENDED WORKBENCH
Mexico wants to become a modern industrial state. Visiting companies there has shown that, despite big ambitions, the country still has a long way to go.
"MADE IN GERMANY" DIGITALIZATION IN HIGH DEMAND
Numerous inquiries from Asia underline the region's undamped interest in Industrie 4.0 from Germany. The German government wants to satisfy this demand.
POWER-TO-X: USING GREEN ENERGY INTELLIGENTLY
The energy transition is the topic on everyone's lips. But how can green energy be stored for use when the wind is not blowing and the sun is not shining? Power-to-X (P2X) might be the answer.