VDMA shows strong support to TTIP Campaign
The US is the second most important export market and the most important foreign investment location for the German mechanical engineering industry. 13 percent of EU-28 exports to the US originate from mechanical engineering.
Also read: CECIMO expresses support for a Transatlantic Trade and Investment Partnership agreement
Therefore, the VDMA firmly supports the ongoing talks for the Transatlantic Trade and Investment Partnership (TTIP). Especially small and medium-sized industries would benefit from simplified rules and standards on both sides of the Atlantic. According to VDMA estimates, mechanical engineering firms currently incur additional costs of five to 20 per cent to adapt their products to the regulations of the US market.
To illustrate the broad support of the medium-sized mechanical engineers for TTIP, we provide you with entrepreneurial statements. We hope you find them helpful.
