"Tightening of investment audit prevented for the time being"
A tightening of the Foreign Trade Ordinance, which would be negative for the mechanical engineering industry, is off the table for the time being. However, the risk remains.
Ulrich Ackermann, head of VDMA foreign trade, comments on the planned publication of the 15th amendment to the foreign trade regulation:
"The worst case was averted. In the current amendment to the Foreign Trade and Payments Ordinance, manufacturing facilities for health products, including components and preliminary products, remain excluded from the list of companies to be audited. Otherwise it would have meant that, virtually through the back door, numerous mechanical engineering companies would have been subjected to the state investment audit without any recognisable risks to public order and security.
"In order to maintain the innovative power in mechanical engineering in the long term, foreign capital will be more important than ever in the future"
But postponed is unfortunately not canceled. A further amendment to the Foreign Trade and Payments Ordinance has been announced for the summer, in which numerous mechanical engineering products are threatened to be included in the catalogue of investment examinations under the heading "critical technologies". This would unnecessarily expand the possibilities for state influence and additionally deter foreign investors. In order to maintain the innovative power in mechanical engineering in the long term, foreign capital will be more important than ever in the future".