Trade Sep-Oct Interactive - page 12

German American Trade Sep/Oct 2013
12
S P O T L I G H T S
H
aving taken office at the
GACC New York on July 1st,
I have encountered an energetic,
supportive and receptive team – and
to boot, there is an experienced
board of directors to lend guidance
and support.
These are very exciting times with
regards to fostering business and
economic relationships between
Germany and the United States.
Based on long-standing shared
values, signals of renewed and
strong mutual interests in a wide
array of topics are plentiful.
Negotiations for a Transatlantic
Trade and Investment Partnership
(TTIP) have just started. The benefits
of such a free trade agreement
between the U.S. and Europe could
be enormous including creating
additional employment on both
sides of the Atlantic. Topics of
entrepreneurship, be it high tech,
clean tech, bio tech or other
business areas, with respective
startup nurturing and financing as
well as their commercial activities,
are being facilitated ever more in a
cross-border fashion. Education and
professional training are another top
priority in both countries. Tradi-
tional German vocational training
methods have been of increasing
interest for companies investing in
trained workers – a development
that takes more and more hold in
the U.S.
One of the largest transformations
in Germany is the ongoing “Ener-
giewende”. On this side of the
Atlantic it is the “shale gas boom”
which brings along its own chal-
lenges and opportunities, but also
aspiring renewable energy standards
which vary from state to state. All
these developments create fertile
ground, driving production and
providing direct and indirect
investment opportunities. While
these are just a few of contempora-
neously discussed topics, I am
confident that we are well-positioned
to foster discussions and commerce
in these fields.
German Firms at the Forefront
In 2012, the
Top 50 German Firms
in the U.S.
alone generated about
$350 billion in sales in the U.S.
A recent study of the Association
of German Chambers of Commerce
and Industry (DIHK) shows that
the U.S. is the only region to
attract significantly more invest-
ment and companies from Germa-
ny. But not alone the large
corporations matter, it is especially
the “German Mittelstand”, our
small and mid-sized enterprises
which play an important role
when it comes to supporting
the U.S. economy and fostering
growth. They are at the forefront
Exciting Times
to Take Over the Helm
of the GACC New York
By Dietmar Rieg, President & CEO, GACC New York
President & CEO Dietmar Rieg with the GACC New York Team.
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