Challenges Facing the EU’s Industrial Sector: Insights from VDMA President Bertram Kawlath
Challenges Facing the EU’s Industrial Sector: Insights from VDMA President Bertram Kawlath
The German machinery and plant engineering sector, employing approximately one million individuals, is experiencing significant challenges, including job losses and increasing competition from China.
In a recent episode of the ‘Power & Policy’ podcast, host Joana Lehner discusses critical EU regulatory issues impacting the economy with Tom Schmidtgen, focusing on the Industrial Accelerator Act, supply chain regulations, and the contentious EU Carbon Border Adjustment Mechanism (CBAM). Bertram Kawlath, President of the VDMA, provides a critical assessment of Germany’s economic policy, warning that despite high-quality products, the country risks falling behind in global competitiveness due to external pressures and regulatory burdens.
For journalistic integrity, this report was summarized from: politico.eu