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Markus Jerger, Entrepreneur, Executive Chairman. The BVMW and CEAPME count for 2.4 million member companies – 35 European Alliances – 37 German Alliances – 410 Representative Offices worldwide that operate in 114 Countries under the brands (German) Mittelstand.BVMW, The Mittelstand Alliance, The German Mittelstand Foundation, BVMW Services, BVMW International, The Mittelstand GCC Services, INSME and/or European Entrepreneurs CEA-PME either under a license or other arrangements.

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U.S. EMBASSY MEETS OWNERS OF GERMAN 'MITTELSTAND' COMPANIES

markusjerger 23 Jan 2020 1 min read

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Robin S. Quinville, Deputy Chief of Mission, Embassy of the United States of AmericaRobin S. Quinville, Deputy Chief of Mission, Embassy of the United States of America with Markus Jerger, CEO of the German Mittelstand BVMW.

Berlin – 23 Jan 2020

Open exchange on economic and employment topics between business owners of the German Mittelstand and the U.S. Embassy in Germany.

In 2018, bilateral trade in goods and services totaled nearly $252 billion, with U.S. exports of $92.4 billion and imports of $159.8 billion. All of the $67.4 billion trade deficit in 2018 was in goods. Bilateral trade in services ($68 billion in 2018) is roughly in balance with a U.S. surplus of $1 billion (up from a $3 billion deficit in 2017). Major U.S. goods export categories to Germany in 2018 were aircraft ($8.9 billion), vehicles ($7.2 billion), machinery ($6.9 billion), optical and medical instruments ($6.7 billion), and electrical machinery ($5.5 billion). Major categories of German exports to the United States in 2018 were machinery ($27.2 billion), vehicles ($25.4 billion), pharmaceuticals ($15.3 billion), optical and medical instruments ($10.6 billion), and electrical machinery ($8.8 billion). Many U.S. imports from Germany are investment goods such as capital equipment, enabling U.S. production and exports. German investments in the United States focus largely on manufacturing, finance and insurance, as well as, wholesale trade. Altogether, U.S. affiliates of German firms employ over 692,000 U.S. workers.

Extract : Link

Tags: Germany USA

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