German Mechanical Engineering Industry Association Verband Deutscher Maschinen- und Anlagenbau has urged for immediate suspention of various trade barriers against imports of steel into Europe. VDMA Executive Director Mr Thilo Brodtmann said “As a result of the Russian war against Ukraine, steel products are becoming increasingly scarce in the EU. VDMA is therefore calling on the EU Commission to suspend all EU steel tariffs, EU steel quotas and EU dumping duties on steel products in the short term. Such a temporary suspension could potentially lead to additional imports of steel products from third countries into the EU and thus stabilize the supply chain of the European engineering industry.”He added “It is important that the EU responds with further sanctions to the war in Ukraine, which is being waged ever more violently by Russia. In order to exert as much pressure as possible on the Russian government and at the same time soften the impact in Europe, the EU should take additional measures to stabilize the supply chains of the European economy. This includes facilitating the supply of key inputs to the European economy - for example, steel from third countries that are not parties to the Ukraine as well as Russia and Belarus is important steel producers and suppliers for the EU.”With over 3400 members, the VDMA is the largest network organization and an important voice for the mechanical engineering industry in Germany and Europe. The association represents the common economic, technical and scientific interests of this unique and diverse industry.
German Mechanical Engineering Industry Association Verband Deutscher Maschinen- und Anlagenbau has urged for immediate suspention of various trade barriers against imports of steel into Europe. VDMA Executive Director Mr Thilo Brodtmann said “As a result of the Russian war against Ukraine, steel products are becoming increasingly scarce in the EU. VDMA is therefore calling on the EU Commission to suspend all EU steel tariffs, EU steel quotas and EU dumping duties on steel products in the short term. Such a temporary suspension could potentially lead to additional imports of steel products from third countries into the EU and thus stabilize the supply chain of the European engineering industry.”He added “It is important that the EU responds with further sanctions to the war in Ukraine, which is being waged ever more violently by Russia. In order to exert as much pressure as possible on the Russian government and at the same time soften the impact in Europe, the EU should take additional measures to stabilize the supply chains of the European economy. This includes facilitating the supply of key inputs to the European economy - for example, steel from third countries that are not parties to the Ukraine as well as Russia and Belarus is important steel producers and suppliers for the EU.”With over 3400 members, the VDMA is the largest network organization and an important voice for the mechanical engineering industry in Germany and Europe. The association represents the common economic, technical and scientific interests of this unique and diverse industry.
