World trade in transition - remaining internationally successful
How will companies in Niedersachsen remain successful in the rapidly changing world markets? The Foreign Trade Day explored this question with excellent speakers.
"World Trade in Transition"
The export economy is changing rapidly and political and economic laws are eroding. Current developments such as the Brexit or the volatile US policy, China's role in the world economy and the difficult relations with Russia pose challenges again and again. The specialist congress stimulated an exchange on the central questions of foreign trade.
Highly exciting questions and success models from practice
Using current research and their own experience, renowned experts provided information about the current challenges on the world markets and the economic policy context:
- Prof. Dr. Michael Hüther, Director of the Institute of the German Economy in Cologne, explained how globalization is increasingly exhausted and impressively demonstrated that open markets worldwide make a significant contribution to growth and prosperity in Europe.
- Dr. Ilja Nothnagel, member of the executive board of the DIHK, noted that "the world trade system has gone off the rails" and advised the necessary courage to continue investing time and money in international cooperation.
- Richard Kühnel, representative of the European Commission in Germany, highlighted trade policy in times of protectionism and asked the question: "Where is Europe heading? His answer: Europe will continue to be attractive for international trading partners in the future.
- Philipp Schulte-Noelle, Chief Executive Officer at Ottobock, drew the bow from a family business based in Niedersachsen to an internationally successful world market leader: "It is precisely because we are based in Niedersachsen that we have become world market leaders!"
- And Dr. Sebastian Bross, Deputy Chairman of the Executive Board of Saltzgitter Flachstahl GmbH, pointed out the narrow line between justified trade defence and protectionism. The steel industry is particularly dependent on the support of politicians in Germany and Europe in order to successfully counter the intense competition in world trade.
Note: Programme flyer of the Foreign Trade Day 2019
The conclusion of the congress
The Foreign Trade Day opened up new perspectives for the guests and, using concrete practical examples, pointed out possibilities to survive in the changing world markets. The guests benefited from a diverse discourse and had the opportunity for extensive networking.
Would you like to establish successful export activities or further expand your international success? We will be happy to advise you on your international plans and, if possible, network you with the right contacts.
Credit: blachura | photography