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A Guide to Importing, Exporting and Doing Business in Germany
Germany's flourishing economy and leading position in the global market make it an ideal choice for importing, exporting and doing business. Those interested in importing goods into Germany should be aware of the distinctive business traits in the German market.
Firstly, importers and exporters work closely together in order to ensure compliance with all German and EU (European Union) import and export regulations and requirements. Also, since the country is one of the most powerful EU members, a large part of its trade portfolio deals with the other nations of the European Union.
EU standards and regulations are applicable to the import and export processes in Germany. All members of the European Union have a common trade policy when it comes to importing goods from other nations. The rules are fairly liberal, and import licensing is not required with the exception of certain goods such as agricultural items and those import and export items which could affect public health or safety. There are also certain quotas that need to be maintained for a few listed countries, and these restricted quantities of imports from countries have to be strictly adhered to by those wishing to do business with Germany.
Germany's highly competitive and well established export industry has been growing impressively in recent years. In fact, Germany is known as the 'export engine room of Europe', indicative of its influential position in the EU as far as the export industry is concerned. Export of goods from Germany is facilitated by a well organised system. Documentation required is not complex, and the time involved and the costs incurred are at reasonable levels. Like the import industry, exports from Germany are regulated by the laws of the trade policy established by the European Union. Export certification requirements must be met.
The country's biggest export trading partners are members of the European Union. The other countries that trade significantly with Germany include China, the US, Japan, Australia, South Africa, Canada, Brazil, and South Korea.
When it comes to doing business in Germany, there are no doubts that the rewards can be high. An entrepreneur should, however, be familiar with the way in which business is conducted in Germany, in order to maximise chances of success. Some points to bear in mind include the fact that Germans are very particular about punctuality and appreciate detail. They prefer to avoid risks and appreciate plenty of advance notice - for meetings and conferences - and they generally keep business and personal issues well separated. They also prefer having a lot of time to make a business decision and do not like to be rushed into things.
About the Author
Paul writes for the Wales Freight company and about Cardiff Freight Forwarding.
Iron Ore - Skyrocketing prices are threatening the steel industry | Made in Germany