Free trade agreement

The EU-Mercosur free trade agreement opens up new markets for German companies. Chemical and mechanical engineering associations see growing export opportunities and are calling for the dismantling of trade barriers - an important step for Europe's competitiveness.

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Brexit will not only lead to additional costs and bureaucracy in the mechanical engineering sector, there is also the threat of new technical barriers to trade due to different regulations. This would have a particularly noticeable impact on medium-sized companies, warns VDMA Managing Director Thilo Brodtmann.

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