April 2017 - German-British Chamber Newsletter

A New Era Begins

Yesterday, the Prime Minister of the United Kingdom triggered Article 50 and the two year period for concluding the negotiations for the UK to leave the European Union has started.

The next few years will be a testing time for European/German-British relations. Not every aspect of the British–EU relationship can be fully dealt with during this short period. For this reason it is important for all sides to have transitional arrangements in place, if, as it is most likely, the negotiations are not concluded by the end of March 2019.

There is no doubt that Brexit will significantly affect not only many businesses, but also individuals working for companies in the German-British business community. Working across the Channel will most definitely become more difficult. This will have an effect on many of you, be that in Britain or Germany, who have grown accustomed to frictionless interchange on a personal and business level.

We at the Chamber will endeavour, by representing the interests of our community, to ensure that Britain’s exit from the European Union will be as frictionless as possible and that we as countries, business and individuals will stay closely linked for the benefit of all our futures.

With our forthcoming events and other activities we will provide a forum for you to exchange views, ideas and experiences on this important development. For this reason we are looking forward to seeing many of you at our Annual Dinner on 8 June 2017 at the Rosewood Hotel with the Rt Hon Greg Hands MP, Minister of State for International Trade, as our Guest of Honour and Speaker.

 

 

Forthcoming Events

28 April 2017
Midlands Region: Business Luncheon
Opus Restaurant
54 Cornwall Street, Birmingham B3 2DE

08 June 2017
Annual Dinner with the Rt Hon Greg Hands MP Minister of State for International Trade 
Rosewood Hotel
252 High Holborn, London WC1V 7EN

20 June 2017
4. Hessischer Aussenwirtschaftstag 2017
IHK Frankfurt am Main
Börsenplatz 4, 60313 Frankfurt am Main, Germany

 

News from the ECBM

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Kontaktieren Sie uns (study(@)eurocollege.org.uk) um weitere Informationen und die neuen Stundenpläne zu erhalten.

 

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Trade Info Germany

One in ten German firms to cut UK investments before Brexit: survey

One in ten German firms present in Britain plans to stop investing in the island nation even before it definitively leaves the European Union, an industry group survey published on 28 March found.

German firms believe Brexit "will seriously damage business with the United Kingdom," said Eric Schweitzer, president of the Association of German Chambers of Commerce and Industry (DIHK), which surveyed 2,200 internationally active companies.

Some nine percent of firms who have invested in the UK plan to shift investments elsewhere, with Germany and the rest of the EU the top choices. Britain is the third-biggest export market for Germany after the United States and France, buying some €86 billion of goods in 2016. The DIHK estimates some 750,000 German jobs are dependent on exports to Britain. Meanwhile, 2,500 German firms active in the UK have created some 400,000 jobs, compared with around 220,000 people in Germany employed by 1,200 British firms.

German exports to Britain fell by 3.5 percent last year compared with 2015, with a particularly strong decrease in the six months after the June referendum on quitting the EU. Smaller firms with revenues of between €10 million and €50 million per year and those who import goods from Britain are most pessimistic, with the latter group fearing disruption to their supply chains and increased customs bureaucracy at borders.

Made in Germany rated most loved country brand worldwide

The report by research group Statista on 27 March showed that the Made in Germany label is viewed more positively by people all over the world than any country brand.

The Statista report surveyed more than 43,000 people around the world from 52 countries plus the European Union. The countries included in the survey sample represent 90 percent of the global population. The report shows that today the German label is most often associated with high quality and high security standards.

After Germany, the next most respected brand was Made in Switzerland, followed by the European Union, United Kingdom, and Sweden. The least trusted country brand was Made in China.